Fixed Assets - EBS (MOSC)

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Group Assets Depreciation Calculation

edited Sep 8, 2020 5:01AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered

Hi,

I created an asset (Asset number 1460 ) as Group asset and added  3 assets under the group asset.

Assets under group assets.

1460 (Group Asset) - life years 10 years & Date placed in service - 19th August 2020

1461 - 200,000 - life years 10 years & Date placed in service - 19th August 2020

1462 - 100,000 - life years 10 years & Date placed in service - 19th August 2020

1463 - 50,000 - life years 10 years & Date placed in service - 19th August 2020

When we ran depreciation , the depreciation amount was calculated 2,964.48

Please let us know how the depreciation amount is calculated.

Please refer attached document for asset screenshots

Regards,

SM

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