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

in Assets 6 comments

Summary:

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?


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