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

Can we post the asset in current period but calculate the depreciation in next period?

Received Response
in Assets 6 comments


We have scenario where we want to capitalize the asset in open period but wants to calculate depreciation in next period.

For example : Open period is Sep-23 and our Date place in service is in Oct'23 (31/10/2023), and we want to capitalize this asset in Sep'23 period but wants to calculate depreciation in Oct'23 period.

How can we achieve this?

Content (required):

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

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

Howdy, Stranger!

Log In

To view full details, sign in.


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