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Can I change the method used to calculate depreciation in the Monthly Assumption Report for Fixed Assets (No. 5)?

April 26, 2017Assumption CALCULATE depreciation fixed assets method report Used

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Can I change the method used to calculate depreciation in the Monthly Assumption Report for Fixed Assets (No. 5)?

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More powerful versions of Exl-Plan allow a user to choose (within the Monthly Assumption Report for Fixed Assets) whether to depreciate fixed assets (a) by applying a specified depreciation rate to the original cost of the assets or (b) by applying a doubled depreciation rate to the declining fixed asset balances. This note explains how to depreciate fixed assets by applying the depreciation rate to the declining balance (rather than to original cost).