How to use STL depreciation method with only 50% of the depreciation amount being charged as depreciation in the first year of acquisition? (Doc ID 2212952.1)

Last updated on MARCH 12, 2021

Applies to:

Goal

How can a method be setup so that the asset has Straight Line Method of depreciation with only 50% of the depreciation amount being charged as depreciation in the first year of acquisition of the asset. 

For example: Asset cost 10000 GBP, Depeciation method - STL, Life of Asset 10 years.
Hence- Depreciation per year is 1000 GBP
Requirement: Depreciation to be charged as
Yr 1( Yr of Acquisition)- 500 GBP
Yr 2 -1000 GBP
Yr 3 -1000 GBP
and so on
 

Solution

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