Good day Community
My client is looking to change the life if a Class if assets from 36 months to 60 months from the end of a financial year.
The challenge is they want to depreciate to remainder of the (extended) life of the asset over the remaining time (60 months - age to year-end) but depreciation now calculated as (NBV at year-end / remining life) and NOT (Orig.Cost / remaining life), e.g.
Orig. Cost 07-2023 100 000.00
NBV 12-2023 86 111.11
remaining months 55.00
New Month depr 1 565.66 (86111.11/55)
Does anyone have any idea how I would set the deprecation for such a calculation please?
Many thanks in advance.
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