Topic: Fixed asset depreciation straigtht line

Dear all , i am trying to depreciate my fixed asset using straight line, but the depreciation value is not correct according to the method and percentage.

e.g i have and asset value of 20,000 with depreciation of 5% straight line, after depreciation the value must be 19,000 but instead it giving lesser value

anybody can help explain how depreciation works a bit more?
Does the tax affect the amount in the depreciation? @joe


Re: Fixed asset depreciation straigtht line

You have not given proper detail for us to check. Posts which are not answered or not fixed means the person who doesn't provide enough information to understand a situation to fix it.

Explain it a bit clear, How it has to work ?

And provide a sample of calculation  and formula we have to use it for the calculation