Asset depreciation issue
We are using straight line method for depreciation calculation. we have one asset which has been depreciated for last 1 year and one month(jan to dec fiscal year) now my client want to change the asset depreciation percentage from 10 to 15 and wanted to re-calculate depreciation again for the asset.
he don't want to open the closed periods. please let me know what it the procedure and what will happed if I have changed the percentage in accounting point of view.