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Depreciation of fixed asset

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    Forum Contributor nasser's Avatar
    Join Date
    12-29-2006
    Location
    Kuwait
    MS-Off Ver
    2010-2013-2016
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    216

    Depreciation of fixed asset

    I'm trying to calculate the Depreciation of the fixed asset for some items
    I've tried the formulas that came with Excel but i don't know its not working or not give the correct value
    so I attached a file as an example
    what I'm trying to have is
    1- straight line method along the asset life
    2- salvage must be ( 1 )
    3- if the purchase date is equal to or before the middle of the month (14-15/02/2004) so the start of depreciation have to start from the beginning of the current month ( Feb) but if the date excess the day 15 ( 16/02/2004) the middle of the month , the the depreciation must start from the next month.
    so any one can help ?
    Attached Files Attached Files
    Last edited by nasser; 03-20-2009 at 08:14 AM.

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