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Deduct Before at General Setup
Author: Susan Lai Reference Number: AA-00991 Views: 2091 Created: 2014-05-11 15:00 Last Updated: 2014-05-11 15:00 0 Rating/ Voters

Scenario:

Function of Deduct Before at [Housekeeping > Setup > General Setup > Calculation].


Solution:

Remark: For depreciation with residual value used only.

Residual Value will be deducted by cost at the beginning.

For example:

Asset's Cost: RM12000

Asset's Life: 10 Yrs

Residual Value: RM 1.00

Method: Straight Line Month

Depreciation with residual value (Deduct Before) per month:

= (Cost - Residual Value)/(Number Of Depreciation's Month)

= (12,000 - 1.00)/(120)

= 11999/120

= 99.99

We know that, from period 1 to 119

Total amount depreciation = 99.99 * 119 = 11898.81

But till period = 120th (last month),

the depreciation = 11999 - 11898.81 = 100.19

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