Depreciation calculation using Straight-Line method
Dears,
Have a nice day,
I need your kind help to show me the calculation details for the below asset please:
Depreciation method: Straight-Line method
Original cost: 435,000
Life years: 4 years & 8 months
Remaining life: 3 years & 3 months
and there is two adjustments on the asset in JUN-20 period (in the same order):
1- new cost: 2,374,143.98
2- new cost: 2,241,856.31
can anyone help me to calculate the depreciation for JUL-20 period with explain the steps, and what is the value of "Adjustment Amount" field in the depreciation tab?
Ps. Amortization Adjustment flag is not checked.
Thanks in advance.
Best Regards.