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The calculation of the Fixed Asset Depreciation is incorrect (Depreciation Method Type is Table)

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edited Oct 24, 2023 3:37PM in Assets 12 comments

Summary:

The calculation of the Fixed Asset Depreciation is incorrect.

Content (please ensure you mask any confidential information):

For example,

The asset register on 14 Nov 2014

In Service Date = 14 Nov 2014

Prorate Date = 14 Nov 2014


The asset that register on November, it should be use annual rate for calculate depreciation on Year 1 and Period 1.

For now, the system start calculate depreciation on Year 1 and Period 11. So, depreciation calculation is not correct.


 How can we setup Depreciation Method Type is Table for next new asset?



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