How does Table based method perform depreciation calculation ?
Hi All,
We have a customization requirement in FA. But before that, we need to know how table based depreciation method actually calculates. I will be very happy if anyone can help with formula for this. Please find below, example values...
Corporate book
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Cost = 3115.51
Method = STL
Life = 3 years (36 months)
As per this we understand that monthly depreciation amount populating = Cost / Life = 3115.51 / 36 = 86.54
We are good with this. However, unable to understand the calculation for Tax book
Tax Book (we have 2 tax books)
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Cost = 3115.51
Method = MACRS 50B HY
Life = 5 years (60 months)
Depreciation amount for first month is shown as = 155.78 (How ??... - we are stuck here)