|
|
|
|
|
Period based depreciation (DV, SL and UL codes)
Generated depreciation is calculated for each period as follows,
Period depreciation = |
(Closing Depreciable Value - Residual Value) * Depreciation Rate |
|
Depreciation Rate for UL is calculated as 100% / Useful Life in years.
Days Held based depreciation (DVD, DVL, DVR, PCD and PCR codes) - Australian Tax Regime
Generated depreciation is calculated for each period as follows,
Period depreciation = |
Days Held * (Depreciable Value at Date - Residual Value) * Depreciation Rate |
|
365 |
Depreciation Rate for DVD, DVL and PCD is calculated from Useful Life in years.
Days Held is calculated from date of addition transaction(s) to date of disposal transaction(s) if any.
In all cases Period Depreciation is capped at the remaining book value.