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0 Replies Latest reply: Jan 16, 2012 5:50 PM by 883341 RSS

depreciation changes after tax book close

883341 Newbie
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The project is creating new tax book starting Dec-11.
The problem is that the Tax Reserve Ledger Report which shows correct calculation shows different (incorrect) figures after closing.
The depreciation method used is double declining 4 years, NBV based using following formula:

DECODE(<REMAINING LIFE1>,1,1,0.5)

Running depreciation period Dec-11 (for the first time) produced Tax Reserve Ledger report as follows:

Cost: 179,850,000
DPIS: Feb-2008
Depreciation: 167,672,656.3

Closing Dec-11 period which also produced Tax reserve ledger report, above asset showing different depreciation:

Depreciation: 158,764,070

I have no clue what caused the change. has anyone experience this?
All replies are greatly appreciated..

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