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The software computes British-declining depreciation as follows:

Step 1.   Calculates the depreciation base (capitalized value).

Step 2.   Calculates the depreciation remaining (depreciation base - depreciation previously taken).

Step 3.   Sets the following, dependent on the depreciation months remaining:

• Less than or equal to 0: Sets the current month depreciation to zero

• More than 0: Calculates the current declining balance (depreciation remaining)

Step 4.  Calculates y = 1 / depreciation life months.

Step 5.  Calculates the depreciation rate:

Step 6.  Calculates the current month depreciation (current declining balance x depreciation rate).

If depreciation for the current month is more than the depreciation remaining, FASuite sets the following:

• Depreciation for the current month to the depreciation remaining

• Depreciation months remaining to 0