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Former Member
Apr 19, 2008 at 09:51 AM

Dep key change

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My client requirment is

He is changing the dep method from SLM to WDV.

He wants , to post the differential amount in the current year only.

For example

Asset is acquired on 01.04.2006 for $ 100.

SLM dep @ 20%.

He has depreciated for 2006 and 2007 years at 20% SLM.

Now current year is 2008, in which he wants to change to

WDV 5%.

SLM20% if 5% wdv had follwed

from from acquisition of

Asset.

Acquisition 100 $ 100$

dep 1st year 20 5

____ __________

80 95

Dep for 2ndyear 20 4.75

____ _________

60 90.25

After second year he is changing to 5% wdv .

Now he wants to add the differential amount 30.25 to the asset and then dep at 5% from on wards.

Regards,

Neeharika.g