asset accounting
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Asset accounting
Asset accounting Useful life calculation
Asset APC value = 1,00,000 ( Useful life 10 Years)
Depreciation 40,000 Posted for 4 years (10% SLM)
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60,000 ( For remaining 6 years useful life )
Here client want to reduce the useful life 6 years to 4 years
So, the difference useful life 6 - 4 = 2 years, for this depreciation will be 20,000 (1,00,000 X 10/100) which need to be posted in current year (FY) and rest of useful life depreciation 10,000 per year i.e 4 years to be posted as usual.
Can you please help on this how to approach to post useful life difference in current year.