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Former Member
Mar 01, 2010 at 08:49 AM

How to change depreciation to the new fiscal year period?

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Hi,

The fixed asset depreciation cycle appears to be working off a 5-4-4 schedule. However the fiscal calendar in 2010 was changed to a 4-4-5 calendar. The effect is that depreciation has been overstated in January, and will continue to be overstated until the end of period three.

How can we change the depreciation to the new fiscal year period of 4-4-5?