Depreciation Method
Our client is having a below requirement
Asset Cost- 100,000
Asset Life- 3
Case 1: without earlier retirement
depreciation year 1 20,000
depreciation year 2 40,000
depreciation year 3 40,000
Case 2 : If they retire an asset in 1st year, then there should not be a depreciation calculated for that year
depreciation year 1 0
depreciation year 2 0
depreciation year 3 0
Case 3 - If they retire an asset in 2nd year, then there should be only 50% depreciation calculated for the 2nd year
depreciation year 1 20,000
depreciation year 2 20,000
depreciation year 3 0
Case 4 - If they retire an asset in 3rd year, then there should be only 50% depreciation calculated for the 3rd year
depreciation year 1 20,000
depreciation year 2 40,000
depreciation year 3 20,000