Depreciating asset for remaining life after cost adjustment using STL method
we have a requirement to charge depreciation of asset for remaining life only based/ effective from revised cost using cost adjustment transaction.
Scenario:
Asset life = 5 years (60 months)
Cost | 14,320.00 |
Depreciation - Jun 2016 | |
NBV Jun 2016 | 14,081.33 |
Cost Adjustment – July 2016 | 14,320.00 |
New NBV | 28,401.33 |
Remaining Life | 59 |
Revised Depreciation / month | |