Please let me know if I am missing something. WDV the formula is (1-(V/S)^(1/N)),
where this value represents the percentage of depreciation every year on the Net Block, V is value of Assets, S is estimated savage value after N depreciations and N is the Number of Depreciations.
So the percentage is something that is derived, right?
However when I try this, ERPNext is forcing me to enter a Salvage Value higher than a particular value. Why? I should be able to decide what the Salvage Value of the asset should be, right? Why is ERPNext forcing my hand on this?
Am I missing something? Or is my understanding all messed up?
Are you trying in v11? If yes, then I think in WDV the calculated value of the asset would never become zero, hence I think the system asks for the input and it should match with the remaining value being calculated by the system otherwise the default calculated method would not work properly. The other option is to use ‘manual’ method, in case you are not satisfied with the system’s calculation.
@Pawan, Am trying to work on Asset Category and Depreciation schedule calculation. The schedule calculated in the ‘SLM’ is not right. And if I select ‘Manual’ method the Depreciation schedule created on Save is not editable.
Could you guide on how to resolve it?
Also, I tried looking for PR merged from v10 to v11.0.3-beta.30 () (staging) making the SLM not working anymore. I could find a track of PR merged if you could help there as well.
I cannot replicate on my account, maybe you are missing some configuration. If you can provide access I could check or maybe you can check with support@erpnext.com