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1Hi
The scenario:
I have a fixed asset that has been depreciating using the Australian dminishing value formula.
The formula for diminishing value depreciation calculations, per the Australian tax office (ATO) is: Base value × (days held ÷ 365) × (200% ÷ asset’s effective life)
https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/general-depreciation-rules-capital-allowances/prime-cost-straight-line-and-diminishing-value-methods
https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/general-depreciation-rules-capital-allowances/prime-cost-straight-line-and-diminishing-value-methods
The asset is revalue upwards in the middle of the financial year.
How do i set up depreciation in Business Central so that it is taking the revalued net book value for the remaining months in the financial year?
Thanks
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