Could any body tell me how to calculate variable portion for calculation of Shiftwise Depreciation. For Ex I am giving the following Dep Rates.
Normal Dep (4.75% )
shift factor - 1
variable portion = 56.21052632
for double shift (7.42%)
shift factor - 2
variable portion - 56.21052632
for triple shift (10.34%)
shift factor - 3
variable portion - 58.21052632
Our Friend told to calculate variable portion as follows:
Variable portion=Diff between Two Dep Rates as per shift*100/Lower rate of Dep
I tried for Shift 2 and I am getting 56.21052632.
+Now my problem is while calculating for shift 3 using above formula I am not geting 58.2152632. Could any body tell me how to calculate shift 3 Variable portion.+
Thanks in advance.