Financial - JDE1 (MOSC)

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E1 straight line depreciation question

edited Jan 8, 2019 5:11AM in Financial - JDE1 (MOSC) 2 commentsAnswered

when running depreciation for an item we just acquired, we get  this formula on the report ((2000.00/ 120.0) * 12.0 ) * .098630136 : 102=((10/03) * 49 ) * 50

we are using straight line depreciation but i am not sure how the system is calc. the depreciation. Straight excel formula would give 16.67

can the formula be explained?

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