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Former Member
Mar 25, 2009 at 12:46 PM

Depreciation

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Dear ,

We are Using Calender Year as Fiscal year . As all of you know that Depreciation is to be calculate on Net book Value ( 31 march) (WDV method ) . (as per Company Law 1956) while system calculating Depreciation on the Net book value on 1 Jan which is Correct as we are using calender year .

So i want to Calculate Depreciation on the Net Book value on 31 march instead of 1 Jan Value For WDV method .

Please Give Solution

Can we use Period Control For that Purpose

Or Any UserExit ( AFAR001)

Example

A = As per Corporate act

B = My System

( Suppose * Depreciation 100 rs For Year 2008)

====================A======B=========

APC value 1 april 2008 ==10000 10000

Depreciation

up to Dec 2008 (9month)==900 ====900

======================================

Book Value on 31 dec ===8100====8100

======================================

Deprecation Jan ====== 100 ==== 90 ( Calculate on Book Value of 31 dec)

Deprecation Feb ====== 100 ==== 90

Deprecation Mar ====== 100 ==== 90

======================================

Book Value on 31 dec ===7800====7830

======================================

Deprecation April ====== 85 ==== 90

i want depreciation To be calculate on 10000 rs for month Jan feb Mar & 7800 for month April

PLease Do the needful