Update Retirement Convention During Asset Retirement
Summary:
Is there a way to update the retirement convention from same month to next month during retirement for few assets which are retired before the asset life and account for additional month of depreciation?
Example Asset Cost - 1539114.26
DPIS - 2-Apr-2021
Date Retired - 21-Dec-2023
Life - 84 months
Period Depreciation - 1539114.26/84 = 18322.79
NBV when retired with SAME MONTH convention = 952,784.98
Requirement to account Dec-2023 depreciation as well and have NBV retired as 934,462.19
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