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Former Member
Jun 04, 2013 at 08:52 PM

Depreciation for the first year captured in the first month of depreciation possible?


Hi all

What is being requested by my client is a new depreciation key that calculates an entire year’s worth of depreciation in the first year, regardless of the cap date or acquisition date.

In other words, the depreciation start date should always be January 1st of whichever year the asset is capped/acquired. For example, if the asset is capped in October, the October depreciation should have 10 months worth of straight line depreciation, followed by regular straight line in subsequent months until the end of useful life.

How can this be configured?

thank you!