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Former Member
Feb 23, 2009 at 03:22 PM

Need assistance with depreciation key

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We need to setup a new depreciation key for 1/2 year Double Declining Balance. For example on a 5 yr asset the first year depreciation is 20%, second year 32%, third year 19.2%, fourth and fifth year 11.52% and the sixth year 5.76%. Regardless of what month the asset is capitalized in the first year - it's 20%. So if the asset was capped in March - it would spread 20% over 10 months. If the asset was capped in November then again spread 20% over 2 months. My understanding is the asset adjusts on the back end - so if it was capped to begin with in Nov. in that first year - then on the back side or in year 6 it would have 10 months of depreciation and that would spread the 5.76% over the 10 months. I could have the back side incorrect - has anyone done this before?

How would I set this up to accomplish this?

Regards,

KDT