Depreciation To Be Run And Calculated Once A Year
Summary:
The fiscal year of the client runs from Oct-Sep.
The client runs depreciation only once a year.
As per the support note Depreciation To Be Run And Calculated Once A Year (Doc ID 2761685.1), it says irrespective of DPIS, the full depreciation will be calculated for the asset.
For example: If I place the asset on June 2024 which as a cost of 24000 and life in months is 2 years, the annual depreciation is 12000 and monthly is 1000.
When I run depreciation towards the end of Sep-2024 (end of fiscal year), shouldnt depreciation be calculated for 4000?
Why is the system calculating full depreciation of 12000?
0