How to select Depreciation percentage? - Straight Line or Written Down Value

Hi, So I completed the Depreciation and Amortization Module. I had a question regarding the method that was followed to depreciate the asset. The percentage at which the asset is to be depreciated is not mentioned. also the Asset was only depreciated in the straight line method, but the written down value method was not explained.

1 Answer(s)


Manisha, this module assumes that asset is depreciated equally over 4 years so in this case 25% every year. Since this module covers only the basic we have not gone into the details of the various depreciation methods. Depreciation practices differ company to company based on circumstances.