Hi Experts
I am working on configuring depreciation key for the first time and need your guidance.
Requirement of new dep key is as below.
a) depreciation for 1st year - 60% of the value
b) Depreciation for second year and so on - 20% each year on straight line method
Example : Cost: HKD 100,000
Depreciation for first year:
HKD 60,000 (Cost HKD100,000 X 60%)
Depreciation for second year and so forth:
HKD 8,000 (Cost HKD40,000 X 20%)
Can you please suggest how this depreciation key can be created or any provide any document to understand this.
Regards,
Santosh