Hello,
Does the system compute depreciation using straight line method only? For I apply reducing balance method and instead of the system to calculate depreciation from the Book Value it does calculate from the acquisition cost.
Kindly assist.
Manager’s Depreciation Calculation Worksheet currently calculates depreciation using the declining balance method
see
Fixed Assets: Depreciate fixed assets | Calculate depreciation automatically
It works well if you calculate using the declining balance method annually (percentage of current book value).
For other method edit the values it produces