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Month Wise WDV Calculation

Mar 30 at 11:32 AM

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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

dep.jpg (31.9 kB)
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Hello - what does "WDV" mean? I have never heard of it. Thank you

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2 Answers

Amar Lal Lohano Mar 31 at 01:44 PM
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It means written down value. Its commonly used for declining based method

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Narasimhulu Konnipati
Apr 11 at 11:31 AM
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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

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