ymchou
Member
Can anyone enlighten me on the following:-
1) At Depreciation Rules Revision, we can define the Lower Limit Formula and Upper Limit Formula. What is the usage of these 2 formulas?
2) Assuming my asset cost is $10,000. There is an initial allowance of $2000 which I calculate under ledger type D1. My annual allowance is 15% every year ie. $1500 which I track under ledger type D2.
How can I set the depreciation for D2 so that it will stop depreciating once the allowance reaches a maximum of $8000 ( ie $10,000 - $2,000) ?
3) Is there a way to set a formula for the system to calculate the salvage value as a percentage of cost?
Thanks in advance!
1) At Depreciation Rules Revision, we can define the Lower Limit Formula and Upper Limit Formula. What is the usage of these 2 formulas?
2) Assuming my asset cost is $10,000. There is an initial allowance of $2000 which I calculate under ledger type D1. My annual allowance is 15% every year ie. $1500 which I track under ledger type D2.
How can I set the depreciation for D2 so that it will stop depreciating once the allowance reaches a maximum of $8000 ( ie $10,000 - $2,000) ?
3) Is there a way to set a formula for the system to calculate the salvage value as a percentage of cost?
Thanks in advance!