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