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 |
| = | 2400 /{/{PARA/_BREAK/}/} 6 | = | 400.00 |
FY00 Pd8 | /(2,400 |
| = | 2000 /{/{PARA/_BREAK/}/} 5 | = | 400.00 |
FY00 Pd9 | /(2,400 |
| = | 1600 /{/{PARA/_BREAK/}/} 4 | = | 400.00 |
FY00 Pd10 | /(2,400 |
| = | 1200 /{/{PARA/_BREAK/}/} 3 | = | 400.00 |
FY00 Pd11 | /(2,400 |
| = | 800 /{/{PARA/_BREAK/}/} 2 | = | 400.00 |
FY00 Pd12 | /(2,400 |
| = | 400 /{/{PARA/_BREAK/}/} 1 | = | 400.00 |