Fixed Asset Management in Indian Accounting need Written Down Value (WDV-II) as per scheduled II as per Indian Companies Act to calculate Auto Depreciation on selecting required months
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Giving more clarity we need to select asset type for example Laptop and as per schedule II of companies Act life is 3 years so in Fixed Asset for laptop we will mention life 3years system will calculate Depreciation @ 63.16%. or should give an option to put Depreciation rate