A fixed asset has an acquisition cost of LCY 100,000. The estimated life is eight years.
The Calculate Depreciation batch job is run biannually. The FA ledger entry looks like this:
| Date | FA Posting Type | Days | Amount | Book Value |
|---|---|---|---|---|
01/01/00 | Acquisition Cost | * | 100,000.00 | 100,000.00 |
06/30/00 | Depreciation | 180 | -6,250.00 | 93,750.00 |
12/31/00 | Depreciation | 180 | -6,250.00 | 87,500.00 |
06/30/01 | Depreciation | 180 | -6,250.00 | 81,250.00 |
12/31/01 | Depreciation | 180 | -6,250.00 | 75,000.00 |
06/30/07 | Depreciation | 180 | -6,250.00 | 6,250.00 |
12/31/07 | Depreciation | 180 | -6,250.00 | 0 |
*Depreciation start date