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Former Member

Asset Daily depreciation calculation

Hello all,

I have a requirement to calculate depreciation daily instead of bi monthly. I configured the "dep to the day" setting for new dep key and then created a new asset with that dep key. I posted acquisition value and then checked the depreciation amounts that the system proposes. My manual calculation is not tallying with system calculated value.

Acquistion value: 10000

Acquisition date: 11/01/2016

Useful life: 3 years

So, per my manual calculation, for November& December (61 days from acquisition): (10000/1095)*61 = 557.07

But system proposed 555.56 for total of november and december. I checked the depreciation calculation for this but couldnt understand on how it was calculated.

Please help in understanding this.

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