Prorate convention not defined
In my current application configuration, I have not defined prorate calendar, as i would like to use depreciation calendar (monthly) as prorate convention calendar.
Q1) So if use depreciation calendar (monthly) as prorate calendar, does it calculate full month deprecation which is my requirement (or) do i need to create new prorate convention calendar for full month depreciation.
Q2) can i assign the same depreciation calendar as prorate & retirement convention in asset categories page as well. i see different prorate convention calendars appears like CAL DAILY, CAL MONTH, CAL NMB, CAL HALF YEAR, CAL MID-MONTH. ETC. So are these standard prorate conventions comes with out of the box if we don't define separate prorate calendar other than depreciation calendar. Please refer screenshot attached.