My client is following FY April to March and following straight line method of depreciation on the basis of useful life.My client wants to calculate depreciation on the basis of number of days of useful life of Asset.For example:
Acquisition date of Asset:01.04.2015 Amt 10000/- Useful Life -3 yrs
Depreciation should be:
FY | Days | Dep Amt |
2015-16 | 366 | 3339.42 |
2016-17 | 365 | 3330.29 |
2017-18 | 365 | 3330.29 |
1096 | 10000 |
But system is calculating depreciation as sown in images
Is it possible to get the desired result?