Depreciations: Adds Diminishing Values Depreciation - #19331
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Can you handle this merge conflict? Otherwise this seems good |
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(I mean, if the tests actually pass... lol) |
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This adds Diminishing Values Depreciation option
Diminishing Value Depreciation is calculated like this:
Base value × (days held ÷ 365) × (rateMultiplier ÷ asset’s effective life)For example if an assets base cost is $1000, and was purchased Jan 1st, with an effective life of 12 months at a 100% rate
would be:
$1000 x (201 ÷ 365) x (100% ÷ 1 year)Which equates to
$1000 x 0.5506849315 = $550.68 depreciatedSo Current Value would be
$1000-$550.68= $449.32Diminishing Depreciation create/update inputs:
There is also an option choose your fiscal starting month. Australia's fiscal year begins in July so this accounts for that.
adds for #18225