FA:Initial Dep

[navson]

Dear All,

How can we calculate a depreciation in the following scenario,

Book: Tax Book
Rate: 20 % DB
Initial Depreciation:50%
Asset Cost: 100000
In this senario initial dep i.e 50% dep will be charged to asset in the first year i.e

100000*0.5=50000

and in the same year asset will be depreciated with 20% on NBV i.e

50000*0.2=10000
Thus the depreciation for the year will be 50000+10000=60000

How to set up this scenario
Regards

Naveed