Hello
I hope this message finds you well, my case is:
Asset Cost = 3000 $
Life = 3 years
salvage =1 $
Date in service 1-DEC-2007
The customer want to depreciate it as following
1st year 40%
2nd & 3rd year 30%
Calendar (Jan-90 to Dec-90)
Prorate (1-15) same month (16-30) following month
I tried table method and formula but after in 1st period(DEC-2007) Expense was 1200 (suppose for 12 periods in first year)
rates in table (.4-.3-.3-0)
thanks for your co-operation
Asset Depreciation
Hi leedo
From your description, I think you can do the following:
1) for Prorate (1-15) same month (16-30) following month, you define the prorate like this 16-Jan till 15-Feb period Feb-08 & continue each period like this.
2) For depreciation, you must define the rates in the depreciation method for this asset category then define the asset for 1st year [@] 40%, after the year are finished you can update the rate for this asset to be 30%.
Hope I can help you
Thanks
Hisham
From your description, I think you can do the following:
1) for Prorate (1-15) same month (16-30) following month, you define the prorate like this 16-Jan till 15-Feb period Feb-08 & continue each period like this.
2) For depreciation, you must define the rates in the depreciation method for this asset category then define the asset for 1st year [@] 40%, after the year are finished you can update the rate for this asset to be 30%.
Hope I can help you
Thanks
Hisham
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