Depreciation charges are calculated using the following formula:
|
Category |
Component |
Database Column |
Alias |
|
Remaining Depreciable Amount |
Last Valuation |
tblAsset.Value |
V |
|
+ |
Accumulated Capital Works |
tblAsset.AccumCapitalWorks |
W |
|
- |
Accumulated Depreciation |
tblAsset.AccumDepreciation |
D |
|
- |
Residual Value |
tblAsset.ResVal |
R |
|
Period |
Closing Date |
tblValtrans.CloseDate |
C |
|
- |
Last Transaction Date |
|
B |
|
Remaining Life |
Expiry Date |
tblValtrans.Expiry |
E |
|
- |
Last Transaction Date |
|
B |
|
|
|
|
|
•Duration in days is based on a 365.25 day year.
For Accumulated Depreciation; at valuation, the accumulated depreciation = (Current Replacement Cost – Residual Value) * Proportion of Life Consumed.
Therefore, for condition based calculation
With the Condition at Inspection Date Option, add on the depreciation charge between the inspection date and the valuation date:
