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Former Member
Apr 08, 2015 at 11:38 AM

Depreciation is not deducting for two periods in 2015

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Hi,

I have one scenario, can any one answer please.

we have one asset with Acq. val Rs. 17435, acquired in 2010, with 25% depreciation for 4 years Usefull life. Using Straight Line Method. Fiscal year is April-march.

we changed depreciation percentage to 20% in May 2014 and useful life increased to 5 years. The difference percentage(25-20%)5% posted as Unplanned Depreciation Rs. 3015.92.

and again we have changed Depreciation percentage to 15% in Feb 2015 and useful life increased to 6.7 years. The difference percentage(20-15%)5% posted as Unplanned Depreciation Rs. 3123.77. and the unplanned depreciation was reversed and added to Net Book Value. Now the net book value is Rs.6139.69. Now the problem is System is not calculating the ordinary depreciation as per the plan for the period feb and march 2015. But which is calculating depreciation as per the plan for the period April(period 1) with 15% on Acq val. i.e. 17435*15/100=2615.25 per year and 217.94 per period. Now i want to post depreciation for Feb and March 2015.

Can any body please suggest me what to do now.