Change in Depreciation Method from WDV to SLM

This discussion addresses a change in depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) for an asset purchased in February 2019. It seeks detailed guidance on how to apply the SLM method prospectively from the current financial year (FY 19-20). A key concern is how to handle any excess or short depreciation from the previous financial year (FY 18-19) when making this change.