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Former Member
Jul 20, 2009 at 07:25 AM

Remaining Value for Straight-line Depreciation

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Hi Experts,

I am using straight-line depreciation for 36 months.

The asset value is $198,168.64, I notice that the calculated monthly depreciation is

sometimes $5,504.68 and sometimes $5,504.69 (I think it is due to rounding issue).

However, after 36 months, the total deprecation is only $198,168.63, leaving a $0.01 balance at the asset.

This $0.01 balance was not depreciated in the 37th month,

and I need to manually run an unplanned deprecation to eliminate the $0.01.

Is there any settings that can remove the $0.01 balance automatically?

Thanks,

Urchin