Mid month convention setup — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Mid month convention setup

in Assets 1 comment

Summary:

Hi,

Our mid-month convention is setup like this.

Let us consider jan period.

If asset is placed in service between 1st and 15th, full month depreciation and if asset is placed in service between 16th and 31st, depreciation is from next month which means no depreciation in current month.

As per oracle note id, I saw that half month depreciation is applicable for the latter case.

Please suggest.

Thanks

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):



Code Snippet (add any code snippets that support your topic, if applicable):

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!