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Depreciation Calculation

former_member333607
Participant
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I acquired and asset on 01.06.2012 for $841,259.35. The useful life for the asset is 15 years. The depreciation will be calculated to the exact day.

Therefore, I have worked out the following:

No. of days to depreciate in 2012 (Start from June)214
No. of days to depreciate in 2013365
No. of days to depreciate in 2014365
No. of days to depreciate in 2015365
No. of days to depreciate in 2016366
No. of days to depreciate in 2017365
No. of days to depreciate in 2018365
No. of days to depreciate in 2019365
No. of days to depreciate in 2020366
No. of days to depreciate in 2021365
No. of days to depreciate in 2022365
No. of days to depreciate in 2023365
No. of days to depreciate in 2024366
No. of days to depreciate in 2025365
No. of days to depreciate in 2026365
No. of days to depreciate in 2027 (Ends at May)151
TOTAL DAYS
5478
Depreciation per day                  $153.57

Based on the above, I have calculated the depreciation for 2012 (depreciation start date is 01.06.2012) should be $153.57 x 214 days = $32,864.09.

However, SAP calculated $32,792.26.

What could be the reason for the difference? Is there a configuration in the Depreciation Key that I should be aware of?

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi  Joyce,

Answer is it was a leap year

Total No of days 366

Formula is  $841,259.35/15=56086.96

56086.96*214/366=37792.26

Regards

Veenu

Answers (0)