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Fixed Assets - EBS (MOSC)

Upon partial retirement depreciation is recalculated based on remaining cost instead of NBV

Sep 19, 2018 11:18AM edited Oct 2, 2018 5:00AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered ✓

Asset Cost added Jul-18 = 100,000

Monthly Dep (10%) = 8,333

Acc Dep as on 31-Aug-18 = 16,667

NBV = 983,333

Partial Retirement (Sep-18) = 500,000

NBV Remaining = 491,667

Dep calculated by system for Sep-18 = 4167 (8,333 * 500,000/1000,000)

Should be = 4097 (491,667 * 10% / 12)

Tagged:

EBS_FA_Assets

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