Depreciation for Days

[Former Member]

Hi All,

In asset accounting if we wants to calculate depreciation for Years & Months we can calculate by getting option in depreciation area tab of asset master record. for e.g If situation is 7 yers & 6 months then yera column we give 7 & period column we give 6.

But if i want to calculate depreciation like 7 years, 6 months & 15 days how to achieve this.

Looking forward for response.

Reagrds

Sandeep

[ajaycwa1981 · Accepted solution]

Hi Sandeep

Its not possible.. Useful life can be in Years and Period (Months)... There cant be decimals in the useful life

br, Ajay M

[Former Member · Accepted solution]

Is there is any work around for achieving the requirement.

Regards

Sandeep

[ajaycwa1981 · Accepted solution]

Hi Sandeep,

I dont think there can be any decent work around for this...

However, you can try to change your dep key to use a Dep % instead of useful life.... You can adjust your dep % rate so that the asset depreciates over Yrs - Months & 15 days.... However, i think its gonna be very difficult to do that

br, Ajay M

[Former Member · Accepted solution]

Hi Ajay,

I got your point same i try to implement.

I have another question can we open two asset year at a time?

Is there will be any complication?

Regards

Sandeep

[ajaycwa1981 · Accepted solution]

Yes, You can..

2 FYs can be open in AA at the same time...

br, Ajay M