Fixed Assets - EBS (MOSC)

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Depreciation calculation using Straight-Line method

edited Aug 5, 2020 5:03AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

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.

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