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

Depreciation Issue

Summary:


Content (please ensure you mask any confidential information):

We have a scenario as below.

1. We have purchased an asset as at 30th Mar 2024. 

2. Asset book has a daily depreciation calendar

3. This asset useful life is 11 months and 29 days. 

But in system, it only allows to record useful life in years and in months. but we cannot put the days in particular.

How to handle this scenario? Please note we cannot change the date placed in service to 1 Apr 2025 because one day depreciation has to be recorded in the system for 30th Mar 2024.

 


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

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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