Prorate Conventions and Depreciation
We have a specific type of asset that requires proration on a daily basis for the period in which it is acquired (or starts depreciating) and the period of disposition. Can you define multiple proration conventions for the same book? All of our assets, it seems, has the same depreciation method and prorate convention (unless I am querying wrong).
If this is possible, is this set up by category or by asset? Can it be different for a specific asset ?