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how to calculate declining-Balance Method depreciation

Question asked by dev696 on Jan 9, 2010
Latest reply on Jan 9, 2010 by comment_1

Title

how to calculate declining-Balance Method depreciation

Post

Hi

 

I need solution to calculate depreciation according to declining balance method and fulfil following requirements.

1: First year calculate depreciation form purcahasing date to closing date of finical year but if purchasing date greate then 15 of that month than ignore that month and start calculating depreciation form next month.

2: The book value of the asset at the end of the closing year will automatically set as opening year book value of the asset  and next depreciation will calculate on this value according to define  predefine percentag.

 

Thanks.

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