Starting and Stopping Depreciation
We have a requirement to stop and re-start depreciation without calculating a catch up amount. Example:
Asset Value is 10,000 and monthly Depreciation is 100. Asset has been depreciated for first 6 periods in year with 100 each in every month & we want to stop depreciation for coming 3 months and post depreciation when they put in use. Asset should not be depreciated when they are not in use and calculate regular 100 if we run depreciation again if we put in use. So total Depreciation of the asset for the year should be 900 (First 6 Months & last 3 months).
How is the best way to achieve this?