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Also i assumed assets life one year and it is showing remaining one year
Acquistion Date is 1-1-2014
year end 31-12-2014
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Please have a look on the below example:
LTD - Life to Date Depreciation (With including current year as well, means YTD).
YTD - Year to Date Depreciation
Example:
First depreciation:
YTD = $1000
LTD = $1000
Next year depreciation:
YTD = $1000
LTD = $2000 (previous balance+current YTD)
Third depreciation:
YTD = $1000
LTD = $3000 (previous balance+current YTD)
Similarly happens for all the years.
Hope this helps!!!
LTD depreciation Means.........Life to Date depreciation
and
YTD depreciation means.....Year to date........
i want to know that will LTD figure include this years depreciation mean YTD figure
or LTD is simply opening Accumulated dep balance
and YTD is this years depreciation
reference
The above screen shot shows my Asset general information and Asset book.....
Now when i set YTD and LTD as 1000
it gives the above message and doesnt allow me save.........
Can somebody point out the mistake being made.........
suppose if i assume that
Asset acquistion date:1-1-2014
Fisacl year end 31-12-2014
Asset cost =10,000/-
Depreciation rate=10%
Depreciation Method=Straight line...
useful life=10 years
Salvage value=nil
clearly my depreciation for this year will be 1,000/-
Book value of the asset would be 9,000/-at the year end
Here
YTD=1000------------means depreciation from 1-1-2014...Fiscal year start
and
LTD=1000------------mean depreciation from acquistion date... i.e. 1-1-2014
Am i conceiving correctly.......
Sorry, I went down the path of why the error message popped up. I believe the answer to your question is that you have to enter the LTD depreciation yourself. The system will not go back and calculate it for you. It will calculate YTD, but not the beginning balance for LTD.
Kind regards,
Leslie
Thx Soma...
do i have to manually calculate these figures and write over here.............
System will not calculate depreciation for me........
suppose if i assume that
Asset acquistion date:1-1-2014
Fisacl year end 31-12-2014
Asset cost =10,000/-
Depreciation rate=10%
Depreciation Method=Straight line...
useful life=10 years
Salvage value=nil
clearly my depreciation for this year will be 1,000/-
Book value of the asset would be 9,000/-at the year end
YTD Depreciation
Displays the amount of depreciation calculated for this asset book since the beginning of the fiscal year.
LTD Depreciation
Displays the amount of depreciation calculated for this asset book since the date the asset was placed in service. The amount in this field includes the year-to-date depreciation amount.
Hope this helps!!!
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