Please help with the issue described below:
As per the companies act, depreciation rate should remain constant over the useful age of asset. For example, an asset acquired for INR 40000 with a residual value of INR 2000, shall have the depreciation rate = 1-(2000/40000)^(1/10) = 0.2588 which shall give a depreciation of INR 10,354.62 in the first year. System is calculating this correctly. For the second year the depreciation rate should again be 0.2588 as per the formula 1-(2000/29645)^(1/9), however system is calculating rate for the second year as 0.2594 which is incorrect. I have maintained all the settings required for WDV calculation for companies act.
Regards,
Nitin
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