Month Wise WDV Calculation

[amarlal_lohano]

Hello Experts,

I am facing a scenario from client, where they require month wise WDV depreciation calculation based on NBV. Following is required from client:

Acquisition Cost: 100,000/-

Acquisition Date: 01.01.2018

WDV Rate: 10% per anum (Declining balance method)

I created a Z Dep key with following parameters:

Base Method: 0012

Dec.-bal. method: 001

Period Control: 001

Multilevel Method: Z10

(Acq Year: 9999, Years: 000, Period: 0, Base Val. 24, Percent: 10)

System is performing calculation based on the year value and is proposing depreciation as follows of 10,000/year and 833.33/month. However, client require calculation as follows:

is there any way, we can achieve the desired results?

BR,

Amar Lal

[TammyPowlas]

Hello - what does "WDV" mean? I have never heard of it. Thank you

[narasimhulu_konnipati]

Hi Amar,

Please do the below changes and check.

1. Update the Class as "Declining-Balance depreciation' and this field is located right below to the Multilevel Method in AFAMA.

2. In Multilevel method, update Years: 999, Period: 12

This should work.

Thanks,

NSK

[amarlal_lohano]

It means written down value. Its commonly used for declining based method