1 Reply Latest reply: Aug 28, 2008 7:46 AM by Jyoti Singh RSS

Incorrect depn for asset

Jyoti Singh
Currently Being Moderated

Hello,

 

The dep is not calculated correctly when I am acquiring the asset after Feb end in leap year. PFB the illistration forn the same.

Dep. Starting Date     1-Jan-08     1-Mar-08     28-Feb-08     1-Apr-08

Depreciation on      1000000.00     

Useful life     6.00     Yrs

Depreciation for the Year                    

2008     166666.67     139344.26     140255.01     125227.6867

2009     166666.67     166666.67     166666.67     166666.67

2010     166666.67     166666.67     166666.67     166666.67

2011     166666.67     166666.67     166666.67     166666.67

2012     166666.67     166666.67     166666.67     166666.67

2013     166666.67     166666.67     166666.67     166666.67

2014          26940.64     26411.66     41095.89

Total Dep1000000     999618.23     1000000     999656.91

Difference     0.00     381.77     0     343.09

 

I want to ask do we have and OSS notes for the same.

 

Any pointer towards this will be helpful

Thanks

Jyoti

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