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Former Member
May 11, 2010 at 10:18 AM

remaining amount to be written off in last year

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Hi All,

When the asset gets to the end of it's useful life, the remaining amount to be written off in last year. Depreciation method is WDV.

Year NBV Start Dep NBV End

1 5000 1500 3500

2 3500 1050 2450

3 2450 735 1715

4 1715 514.5 1200.5

5 1200.5 360.15 840.35

In the above example reamining balance of asset 840.35 must be written off by syetem in the 5th year.

Regards,

IK