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Does the system allow 360 days in a year for asset depreciation calendar?

in Assets 3 comments

The depreciation should be calculated based on the number of days considering 30 days per month.
Example
Asset Cost: 100
Asset EUL: 1month (30days)
DPIS: May 17, 2024
Current period: May-24
Depreciation expense for the period of MAY-24 should be: 43.33 (100*(13/30))

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