Use Daily Prorate
Hi All
I am setting up a new asset, and would like to have it use a daily prorate convention.
Stats:
Using 11.5.10.2
Book Controls:
Depreciation Calendar is from 1st day of month to last
Fiscal Year, 1st day of year to last day of year
Prorate Calendar is 1st of month to last, prorate to 1st.
I have setup a daily prorate calendar, and a new asset calendar using the new daily prorate calendar under the default depreciation rules. The life is setup as STL 5 yrs. When I test an asset with DPIS of 11-Oct-09, and run the projection, I would expect the Oct depr to be 10 days shy and for it to show depr in Nov of the last year. It does not.
Stats:
Using 11.5.10.2
Book Controls:
Depreciation Calendar is from 1st day of month to last
Fiscal Year, 1st day of year to last day of year
Prorate Calendar is 1st of month to last, prorate to 1st.
I have setup a daily prorate calendar, and a new asset calendar using the new daily prorate calendar under the default depreciation rules. The life is setup as STL 5 yrs. When I test an asset with DPIS of 11-Oct-09, and run the projection, I would expect the Oct depr to be 10 days shy and for it to show depr in Nov of the last year. It does not.
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