on 2024 Aug 05 6:53 PM
Hello experts,
My client has requirement for a depreciation key.
20% of cost is charged in first year only.
Remaining value depreciated over useful life of assets.
Cost 600,000
Useful life 6 years
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Total | |
Cost X 20% | 120,000 | 0 | 0 | 0 | 0 | 0 | 120,000 |
(Cost X 80%)/Useful life | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 480,000 |
200,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 600,00 |
Please help to meet requirement.
Regards,
Deepak
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