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Hi D365 Experts,,
I am trying to understand the round off difference on depreciation amounts between straight line service life and Straight line life remaining.
1. Could anyone help how formula work for both of these.
For straight line service life - The round off amount difference goes to last month of asset.
For Straight line life remaining - for first few month amount with round down appears and later on amount with round up appears.
eg. Taking same service life and remaining life - .
Service life remaining, for initial months its .29 and for rest its .30
For service life its .30 for all and for last its .20
2. Is there any way to calculate the exact depreciation for starlight line service life for particular fiscal year - eg Acquisition cost - 48000/-, acquisition date - 1/5/22, service life - 36 months, monthly depreciation - 48000/36 = 1333.333 but due to rounding its 1333.33 per month. for Fiscal year 2022 (8 months from may to dec), depreciation should be 8000/- but system is giving 7999.88. can we get rounding difference each year as well?
Hi D365 Functional,
Straight line service life is taking the (original acquisition value - scrap value) divided by the number of periods for the asset life.
Life remaining is taking the (current net book value - scrapvalue) divided by the number of remaining periods. That can indeed cause some differences in rounding for specific periods.
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