FA : Accelerated Depreciation
Good People,
Any help is much appreciated :
1. Asset Date Placed in Service is : 01-Feb-2007
2. Prorate Convention is : MID Month
4. Asset Life (Initial) : 15 Years
5. Asset New Life : 13 Year 9 Month after Depreciating it for MAY-2020 i.e. in JUN-2020
6. Remaining life (in JUN-2020) : 5 Months
7. Asset Cost(in JUN-2020) :14812.52
8. YTD (in JUN-2020) :1038.94
9. DEPR RES (in JUN-2020) :13629.57
10. NBV (in JUN-2020) : 1182.95
11. Last Depreciation Run : MAY-2020
a) Now Asset is Expected to have below Deprecation and Additional / Bonus Depreciation every month to be fully depreciated in remaining 5 months instead of 19 months.
b) Both Depreciation and Additional / Bonus Depreciation should go into different account
c) It should break the Additional / Bonus Depreciation amount equally every month like the Depreciation amount.