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Former Member
Jun 22, 2016 at 10:04 AM

Depreciation from asset capitalization date for straight line method(combined depreciation to the day)


Hi everyone:

I have a question concerning the depreciation. Our customer wants to have the asset depreciation beginning from the asset capitalization date, use the straight line method. I have tried for the traditional straight line method by fiscal year and the depreciation to the day, but neither of two methods couldn't meet the needs.

For example, the asset capitalized on Nov 4, 2015, useful life for one year, the APC value is 12000. In Nov 2015 the depreciation is for 27 days, and in Nov 2016, the depreciation will be 3 days.

The expected calculation is:

Nov 2015: 12000/360*(30-3)=900

Dec 2015--Oct 2016: 12000/12=1000

Nov 2016: 12000/360*3 = 100

Is there any solution or suggestion for this ?