Dep calculation 2013 as per wdv

jatin aswani (ARTICLE ASSISTANT) (102 Points)

23 June 2015  
Why wdv calculation formula not working in case of life is in fractions... For e.g... original cost of asset =11800 Scrap value = 5% of 11800=590 Useful life = 1.5 years Rate of dep= 86.42% 1st year dep= 10198 2nd year dep= 1602*86.42%*0.5 = 692... Remaining Wdv after 1.5 yrs= 910..... wdv should be 590 after useful life . why there is a difference???