Depreciation - Reducing Balance Method


I need to know how to setup reducing balance method for depreciation.

There following scenario is need to be applied in erpnext where the depreciation reducing balance method is:

formula for reducing balance = ([Cost - Scrap Value] - Acc Deprn)*Deprn Rate


Kindly advice please.

Hi, PCreate Item as a assets, then create purchase receipt or purchase invoice. Then go create assets and enable depreciation. Then go finance section

book section and use following setting
You will get result as per your requirement