My issue is:
We have one asset class which getting depreciated @25% pa straight line method.
Now the mgmt wants to depreciate the asset in 6 yrs i.e. @ 16.67% which can be done through the remaining life.
Till feb 08 the depreciation has been posted @25 % Now i want the system to calculate the depreciation on Acquisition value minus depreciation charged till feb 08 and on the remaining value the system should calculate the depreciation.
In fact in multilevel mtd i hve change the base value key to 24 net book value but the system is not deducting the current year depreciation from acquisition value.
Pls provide ur suggestions.