Skip to Content
0
Jan 04, 2012 at 08:26 AM

Depreciation Calculation

242 Views

Hi Expert,

I have the below asset and I tried to figure out how the system calculates the depreciation amount. I was not able to trace how the calculation is done. Can anyone advise urgently ?

Thanks in advance.

Ang.

*********************************************************

Originally, the asset has a capitalization date and dep start date as 30 Sep 2011. Useful life of 5 years and daily depreciation rate applys.

User realized that depn is wrong and changed the date to 22 Jul 2011. Additional acquisition was done in dec 11.

New Ordinary dep start date : 22 Jul 2011

<2011 APC Transn APC Value Ord Depr Net Book

2011 4,160,793.11 4,160,793.11 308,936.69- 3,851,856.42

2012 4,160,793.11 832,158.62- 3,019,697.80

2013 4,160,793.11 832,158.62- 2,187,539.18

2014 4,160,793.11 832,158.62- 1,355,380.56

2015 4,160,793.11 832,158.62- 523,221.94

2016 4,160,793.11 459,278.80- 63,943.14

4,160,793.11 4,096,849.97-

Postings

30.09.2011 1,957,610.50 100 External asset acquisition

30.09.2011 462,172.61 100 External asset acquisition

30.09.2011 92,813.60- 610 Manual ordinary depreciation on current-yr acquis.

31.12.2011 1,741,010.00 330 Acquiring transfer of curr-yr acquis.

31.12.2011 1,741,010.00- 330 Acquiring transfer of curr-yr acquis.

31.12.2011 1,741,010.00 330 Acquiring transfer of curr-yr acquis.