Hello all,
We have had a query from one of our end users, asking why the depreciation of leased assets is not calculated on a straight line basis.
For some reason, the calculation is not on a straight line basis. Instead, it is back end loaded in the opposite way to the interest charge being front end loaded.
As my background is not in Assets, I am hoping you could advise if a Depreciation Key for the above scenario exists.
The end users have been using following Depreciation keys;
LEAS Leasing - Straight Line Interest Depreciation
LINR Str.-line from rem.life to book value zero
Many thanks,
Damien.