I tried creating an asset today (26th Dec) with a dep.key containing period control 03 (pro-rata from mid-period).
However, the system gives me an error message saying:
10 Federal Tax MACRS
E613 SYST: You cannot determine the period for rule 03 to 12-26-07
What does this mean? I noticed if I give the date as 23rdDec or earlier (23rd dec is mid of 24th period for this yr) it allows me to post.
Please help me understand this error.
Thanks & Regards,