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Jan 02, 2014 at 05:18 PM

FI-AA: Period Factor for Depreciation Calculation

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Hi Experts,

In our case currently the Period Factor for 1 month out of 12 months is saved as 0.08300 (i.e.1/12). Since the value of assets are very high, we want nearest approximation so as to get the nearest value of depreciation. For example, in this case ronding like 0.0833333 instead of 0.08300.

How can this be achived? Please help.

Thanks,

Bijay