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Written Down Value Method
I know to find out WDV for depreciation (1-n [scrap /cost], through calculator (12 times square root ), but I don't know the logic behind that, could you please explain that or can I do it manually.
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If we deduct dep from cost of asset during its useful life the remaining value will be scrap value, which can be calculated from following equation:
cost x (1-dep rate/100)^useful life = scrap value
from above equation, formula for calculating dep under wdv method derived.
cost x (1-dep rate/100)^useful life = scrap value
from above equation, formula for calculating dep under wdv method derived.
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