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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / India Fixed Assets Man...
Finance | Project Operations, Human Resources, ...
Suggested Answer

India Fixed Assets Manual Schedule

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Posted on by MuhammadJ 55

Hello All,

Our client has a requirement to use Manual Depreciation schedule for India Fixed Assets.

For example: If an Asset is purchased for INR 10,000:

Annual Depreciation %age: 31.23% on Net Book Value of the Asset

Service Life: 8 years

Salvage Value: 5%

On the Depreciation Profile when we select Manual as Depreciation method and enter Manual %ages, D365 will calculate whatever we enter for the %age for a period. How can we ensure that depreciation is 31.23% every year on the Net Book Value of the asset and adds to 95% by the end of 8 years?

Thanks!

I have the same question (0)
  • Suggested answer
    saurabh bharti Profile Picture
    saurabh bharti 15,039 Moderator on at

    There are three things :

    1. Specify the Period frequency as Monthly of Yearly

    2. Based on that specify the Manual schedule for 8 years by manually calculating depreciation percentage

    3. 5% value you need to define at the fixed asset > Books > Scrap value

  • MuhammadJ Profile Picture
    MuhammadJ 55 on at

    Thanks for responding! I understand point 1 and 3 and have done that already. For point 2, the client wants 31.23% depreciation every year on the NBV. In Manual schedules I can only select %age.

    So, if I select 2.6% (almost) for each month I get 31.23% for first year but if I keep selecting 2.6% for each month from year 2 onwards, I reach to 95% depreciation in 37 months instead of 12X8=96 months.

  • Suggested answer
    saurabh bharti Profile Picture
    saurabh bharti 15,039 Moderator on at

    Then why don't you try reducing balance method?

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