Depreciation Calculation Example 5

Asset acquired at the beginning of the fiscal year using a Fiscal Year basis. Record was added in the middle of the fiscal year with "Catch-up" applied in current period.

System-Wide Configuration: "Catch-Up" in Current Period

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: 8
Depr Yr/Pds Remaining:	Depr Yr:1 Pds Remaining: 5 (at time of initialization)

Basic Formula

* Pds Elapsed in FY = (Total Pds in FY - Remaining Pds in FY) +1

User Forgets to Enter Asset From Periods 1-7; Enters Asset Period 8 for First Time

FY00 Pd8	(	8 12	* 2400	)	- 0	=	1600.00
FY00 Pd9	(	9 12	* 2400	)	- 1600	=	200.00
FY00 Pd10	(	10 12	* 2400	)	- 1800	=	200.00
FY00 Pd11	(	11 12	* 2400	)	- 2000	=	200.00
FY00 Pd12	(	12 12	* 2400	)	- 2200	=	200.00