Editing Book Keeping Task/Depreciation
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Assets are depreciated at the specified percentage each year. | Assets are depreciated at the specified percentage each year. | ||
50% of the stated rate is used for assets that are purchased within the financial year. | 50% of the stated rate is used for assets that are purchased within the financial year. | ||
- | '''Depreciation is done on the declining balance.''' | + | '''Depreciation is done on the declining balance.''', i.e. the balance at end of the year is taken and used to calculate depreciation. |
Example: | Example: |