UBS Fixed Asset Register » Housekeeping

ID #1478

Function of By Financial Year in General Setup

Description  

Function of By Financial Year at Housekeeping—Setup—General Setup—>alculation

 

 

Solution  

Remark: For disposal used only.

 

Depreciation of disposal will be calculated based on financial year.

 

For example:

 

Financial Year:01/02/2008 O 31/07/2009

 

Purchase Date: 01/07/2008  Asset’s Cost: RM10,000 Asset’s Life: 10 Yrs

Disposal Date: 30/06/2009

 

Method: Straight Line Month

Depreciation of disposal will be calculated from 01/07/2008 till 28/01/2009,Not till 30/06/2009.  Then, amount depreciation of disposal 

 

SLM = (10,000/120) * 7

 

       = 83.33 * 7

 

        =583.31

 

Tags: Function of By Financial Year in General Setup

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Last update: 2010-11-18 04:05
Author: Noor Diyana
Revision: 1.0

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