NBV Formula calculating wrong Period wise Depreciation
Dear All,
Greetings, We have defined a formula (1/<Remaining Life>) for depreciation amount basis NBV. For the below amounts it is showing wrong calculations instead of expected. Kindly resolve the issue urgently
109,930,586.80-Cost of Asset
Acc dep: 76,599,061.65
NBV:33,331,525.15
Expected depreciation: 33,331,525.15/42( 3yrs 6 months pending life)=793607.74 for each period
Now system calculating : 9,721,694.84
Please advise suitable formula for our condition. Please note that same condition working for EBS
Regards,Rao