Dear All,
I get one requirement to Amortize asset on the base of revenue received.
For example:
X company it's in Construction business i.e. EPC and BOT
In BOT Business Company create Asset like road, bridge etc. and collect the revenue from Toll and the income from Toll is deducted from the Asset in concession period
(A100) is Asset of X Company and this asset is amortized between Concession period
A100 Asset Value is 10,000
Month | 1 | 2 | 3 | 4 | 5 | Total |
Amount Received from Toll | 1000 | 1200 | 1500 | 2000 | 1000 | 6700 |
Percentage | 14.93% | 17.91% | 22.39% | 29.85% | 14.93% | 100.00% |
Regards,
Swamy