Depreciation Calculation Example 2
Asset acquired in the middle 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 July 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: 7 |
| Depr Yr/Pds Remaining: | Depr YR:1 Pds Remaining: 6 (at time of initialization) |
Basic Formula
| Annual Depr
_______________________________________ # Pds Remaining in FY (Including Current Pd) |
= Current Pd Depreciation | |||||
|---|---|---|---|---|---|---|
| FY00 Pd7 | (2,400 | - 0 | = | 2400
6 |
= | 400.00 |
| FY00 Pd8 | (2,400 | - 400 | = | 2000
5 |
= | 400.00 |
| FY00 Pd9 | (2,400 | - 800 | = | 1600
4 |
= | 400.00 |
| FY00 Pd10 | (2,400 | - 1200 | = | 1200
3 |
= | 400.00 |
| FY00 Pd11 | (2,400 | - 1600 | = | 800
2 |
= | 400.00 |
| FY00 Pd12 | (2,400 | - 2000 | = | 400
1 |
= | 400.00 |