Depreciation Calculation

Summary:

There is requirement to calculate the deprecation based on Date Placed in Service (DPIS). Following are the details;

If DPIS is between 1st to 15, then calculate depreciation for that asset in current period (DPIS = 10th July, then calculate depreciation in period of July)

If DPIS is after 16, then calculate depreciation for that asset in next period (DPIS = 20 July, then calculate depreciation in August)

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