The formula gives you annual rate hence in last year it gives 12 months dep
& not for remaining period.

Cheers!!



On Sat, Aug 16, 2014 at 11:01 AM, Kanwaljit Singh Dhunna <
kanwal...@gmail.com> wrote:

> Dear All,
>
> I am trying to calculate Written Down Value Rate for calculating
> depreciation on the basis of WDV method by using the following formula.
>
> Rate = [1 - (Scrap Value / Total Cost ) ^ (1/Life) ] * 100
>
> If the life is in Number of Exact years, the rate derived is accurate, but
> if the life of the asset is in fractions, i.e., 2 Year 2 months, the rate
> does not depreciate the asset accurately and the salvage value is different
> than the actual salvage value. Please guide me how to solve it.
>
> I have attached a file.
> --
> Sincere Regards
> CA Kanwaljit Singh Dhunna
> +91-987 6739 911
> +91-950 1031 007
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