Start Depreciation From Date Placed In Service

[jack@oracle]

We are implementing a new organisation this time with DPIS of all the assets is one single day. I need to charge depreciation only for those 5 days for that month & once i get into next period my regular monthly depreciation should work. Please advice an appropriate setup to achive this.

[abhyankarnarayan]

Hi,

You can define one additional category for these assets which will have a single date placed in service. Define a prorate convention of 'daily' and attach it to this asset category. This way you can have 5 day depreciation for all the assets.
In the next month, have a reclassification. Classify all the assets now in the respective categories, with appropriate conventions.

I hope this will work.

Narayan