Asset Depreciation - first and last year with half of the depreciation percentage
Hi,
We have a requirement to depreciate the asset, with below logic.
Asset with 5 years life, with straight line per year = 20% per year.
But exception here is that, in first and last year, it has to be 10% for first and last year.
but 20% in the middle years.
Can anyone know how to configure this in system (i understand we cannot used STL, Table and Flat Rate here).
Thanks.
Name | Car 1 | |||
Depr standard period in years | 5 | |||
Purchase price | 10,000.00 | |||
Depr in first and last year | 1,000.00 | |||
Monthly depr in first and last year | 83.33 | |||
Scenario | 1 | 2 | 3 | 4 |
Purchase date | 1/15/2020 | 6/15/2020 | 12/15/2020 | 3/10/2020 |
Depretiation | Monthly | Monthly | Monthly | Monthly |
Jan-20 | 83.33 | |||
Feb-20 |