Thanks for reply
You understood me rightly
my main question is that if we have an asset on which any WDV dep key is being used, assuming life of 9 years and now we have been told to reduce the life to 3 years. Now we have to depreciate the same asset using a WDV dep key for rest of life that is 1 year and 117 days ( 1 year and 248 days already passed).
SO will we have to create a new WDV dep key with such a dep rate that will dep the carrying amount on 01.04.2014 to such a amount that 5% scrap is left (2350 in my example) ?
Secondly if we have such 2000 assets with diff dep keys, we will have to make as many dep keys for these assets ( assuming each asset purchased on diff date)
thirdly such newly created dep keys would not be usable for newly created asset from 01/04/2014.
