Hello,
Can any one help me to configure the decling balance method?
The expected depreicaiton is a constant rate at 70% until the asset reaches its scrape value 50 euro.
Example:
asset purchased at 10 000
by end of first year the net book value is 3000 (10 000*30%)
by end of 2nd year the NBV is 900 (3000*30%)
by end of 3rd year the NBV is 270 (900*30%)
by end of fourth year is 81
By 5 th year the asset will be scraped out as the NBV will be 24,3 (less than 50)
Thanks for your help