A fixed asset has an acquisition cost of LCY 100,000. The estimated life is eight years.
The Calculate Depreciation batch job is run biannually. The FA ledger entry looks like this:
|
Date |
FA Posting Type |
Days |
Amount |
Book Value |
|
01/01/00 |
Acquisition Cost |
|
100,000.00 |
100,000.00 |
|
06/30/00 |
Depreciation |
180 |
-6,250.00 |
93,750.00 |
|
12/31/00 |
Depreciation |
180 |
-6,250.00 |
87,500.00 |
|
06/30/01 |
Depreciation |
180 |
-6,250.00 |
81,250.00 |
|
12/31/01 |
Depreciation |
180 |
-6,250.00 |
75,000.00 |
|
... |
|
|
|
|
|
06/30/07 |
Depreciation |
180 |
-6,250.00 |
6,250.00 |
|
12/31/07 |
Depreciation |
180 |
-6,250.00 |
0 |