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The fields are the ones on an asset’s finance book in ERPNext. Change any of them and the schedule follows.
Depreciation Method
Depreciation Start is the date of the first entry, usually the end of the first period.
Each bar is one depreciation entry.
| Date | Depreciation | Accumulated | Value after |
|---|---|---|---|
| 2027-03-31 | ₹64,109.59 | ₹64,109.59 | ₹4,35,890.41 |
| 2028-03-31 | ₹90,000.00 | ₹1,54,109.59 | ₹3,45,890.41 |
| 2029-03-31 | ₹90,000.00 | ₹2,44,109.59 | ₹2,55,890.41 |
| 2030-03-31 | ₹90,000.00 | ₹3,34,109.59 | ₹1,65,890.41 |
| 2031-03-31 | ₹90,000.00 | ₹4,24,109.59 | ₹75,890.41 |
| 2031-07-15 | ₹25,890.41 | ₹4,50,000.00 | ₹50,000.00 |
Straight Line
The same amount every period: cost less salvage, spread evenly.
Written Down Value
A fixed rate on what is left, so early years carry more. ERPNext works the rate out from your salvage value.
Double Declining Balance
Twice the straight-line rate on what is left, stopping at the salvage value.
For the income tax books, the India Compliance app can keep a separate finance book that halves the first year’s Written Down Value rate when the asset was in use for 180 days or less that year. This calculator shows the company’s main books.
For a new asset on the company’s main books, yes: it follows ERPNext version 16’s own calculation and reproduces the schedules in ERPNext’s test suite. Daily pro-rata, shift-based depreciation and existing assets with booked depreciation are not covered.
When the asset comes into use part-way through a period, ERPNext charges only the days it was in use, and adds one more entry at the end for the rest.
From your values: 1 minus (value after useful life ÷ cost) to the power of 1 ÷ years, as a percentage. You can also type a rate in.
ERPNext works the WDV amount out once per fiscal year and then spreads it evenly, so it changes only when a new fiscal year starts.
The India Compliance app can keep a separate income-tax finance book, where the first year’s WDV rate is halved if the asset was used 180 days or less that year.
We set up asset categories, finance books for the company and tax books, and bring your existing assets in with their depreciation so far. Talk to a consultant.
or write to info@acube.co
Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011