I'm Using depreciation for 15 yrs assets in decline method but the oodo reacts first 10 years in decline method balance five years it automatically takes straight line method.
How could i handle this?
Use case
Purchase value - 1382000
Salvage value - 69100 (Includes in Purchase value)
So what i did is i have increased the original value to arrive the Book value [Purchase value + Salvage Value] = Book value
Declining factor = 18.1
Date of purchase - 27/3/23 Put in use Same date
So in depreciation board reacts with for the first 10 years in decline method and balance 5 years it takes the straight line method. This will be creating problem for me
Please help me how could i handle this in better way to arrive.
We have real time manual formula to arrive dep is [Min (Previous year depreciation value + Addition*Decline factor or Previous year depreciation value+Additions-Scarp value]
