Depreciation recurring journal based on % of assets' value
Recording depreciation should be based on % of the assets' values. Recording a recurring journal by inputting amounts would not serve the purpose as there might be additions to fixed assets during the year. Also, depreciation is calculated on Reducing balance method rather than Straight Line Method. Therefore, the recurring journal with fixed amounts of depreciation would be redundant. Please provide this feature to easily record depreciation.
3
votes
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