Depreciation Calculation Example 1
Asset acquired at the beginning of the fiscal year using Fiscal Year basis.
System-Wide Configuration: Spread "Catch-Up" among Remaining Periods in FY
| FY: | Calendar Year (January to December) |
| New Asset: | Acquired January 2000 |
| Cost: | $ 12,000 |
| Depr Method: | S/L 5 (20% each year). Fiscal Year Basis |
| Annual Depr: | (Years 1 to 5) 12,000 * 20% = 2,400 |
| Current FY/Pd: | FY 2000 Pd: 1 |
| Depr Yr/Pds Remaining: | Depr YR:1 Pds Remaining: 12 (at time of initialization) |
Basic Formula
| Annual Depr
_______________________________________ # Pds Remaining in FY (Including Current Pd) |
= Current Pd Depreciation | |||||
|---|---|---|---|---|---|---|
| FY00 Pd1 | (2,400 | - 0) | = | 2400
12 |
= | 200.00 |
| FY00 Pd2 | (2,400 | - 200) | = | 2200
11 |
= | 200.00 |
| FY00 Pd3 | (2,400 | - 400) | = | 2000
10 |
= | 200.00 |
| FY00 Pd4 | (2,400 | - 600) | = | 1800
9 |
= | 200.00 |
| FY00 Pd5 | (2,400 | - 800) | = | 1600
8 |
= | 200.00 |
| FY00 Pd6 | (2,400 | - 1000) | = | 1400
7 |
= | 200.00 |
| FY00 Pd7 | (2,400 | - 1200 | = | 1200
6 |
= | 200.00 |
| FY00 Pd8 | (2,400 | - 1400 | = | 1000
5 |
= | 200.00 |
| FY00 Pd9 | (2,400 | - 1600 | = | 800
4 |
= | 200.00 |
| FY00 Pd10 | (2,400 | - 1800 | = | 600
3 |
= | 200.00 |
| FY00 Pd11 | (2,400 | - 2000 | = | 400
2 |
= | 200.00 |
| FY00 Pd12 | (2,400 | - 2200 | = | 200
1 |
= | 200.00 |