Catchup depreciation of DPIS month also to be included in the following month of depreciation run

Summary: Catchup depreciation of DPIS month also to be included in the following month of depreciation run

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Requirement - If asset is placed in service in a particular month, then the depreciation should start from the following month onwards but the following month depreciation should have depreciation amount of the month placed in service and the month in which depreciation is run i.e. catchup depreciation also to be recognized in following month.

 Example - If asset is placed in service on 15th Jan but the depreciation is run in February. So the depreciation amount for February should include depreciation amount of both Jan & Feb both