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 | ) |
| = | 1600.00 |
FY00 Pd9 | ( | 9 12 | \* 2400 | ) |
| = | 200.00 |
FY00 Pd10 | ( | 10 12 | \* 2400 | ) |
| = | 200.00 |
FY00 Pd11 | ( | 11 12 | \* 2400 | ) |
| = | 200.00 |
FY00 Pd12 | ( | 12 12 | \* 2400 | ) |
| = | 200.00 |