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Dec 06, 2013 at 05:48 AM

Full Depreciation in year of acquisition

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Hello Team,

Looking for a DEP KEY which will depreciate the asset fully within the same year of acuqisition. We have LVA, which depreciates in same month, but we are looking for a DEP KEY set up which can depreciate evenly within the same acquisition year.

Eg:

(Assuming Jan - December FY)

1. Asset bought in March for 15000, it should depreciate 15000 / 10 from March to December.

2. IF asset is bought in october for 6000, then it should depreciate 2000 every month till December.

Thanks

Km.