Hello Experts
I have requirement where depreciation should be calculated on the basis of estimated revenue.
I have one intangible assets. We have estimated some revenue out of that asset, over 5 years.
For Ex:
1st Year: Rs.100
2nd Year: Rs. 70
3rd Year: Rs. 55
4th Year: Rs.33
5th Year: Rs.24
Now I want to depreciate my asset (of Rs. 10 Lakhs) on above proportionate. Please note the estimation may change in between. For ex:
In 3rd year, revenue estimation changes to:
3rd Year: Rs. 52
4th Year: Rs.35
5th Year: Rs.18
Please let me know, how can I achieve this.
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Deepak