Depreciation - Reducing Balance Method

ERPNext Asset Management
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1

Hello,

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

Scenario:
image

Kindly advice please.

2

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

assest
assest1920×1325 255 KB

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