180 days depreciation as per IT act.
Hi, I want to post 180 days depreciation ( If I acquire asset - Computer which has the depreciation value as WDV40% from April to September it should calculate full year depreciation and if I purchase after 180 days, it should calculate depreciation for 180 days i.e if the computer is purchased between October to march then the % depreciation must be calculated is 20% on 6 months as per IT Act.
Which means even if the asset is purchased on march 1 then the depreciation to be calculated is for 6 months on that asset and the % must be half.
I have tried using the Acquisition in WDV Type as Half Year and Sub-Acquisition as Half Year Convention.
Please suggest me a solution to this issue.
Note : Depriciation Type is of Written Down Value.