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Start Depreciation From Date Placed In Service
Posted: Wed Mar 18, 2009 2:27 am
by 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.
Posted: Sun Mar 22, 2009 5:59 am
by 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