Asset to Depreciate in One Month
The client we are working with has below requirement,
They want to add an Asset and want to depreciate fully in the same month. They are using STL depreciation methos with Daily Prorate.
To achieve this we have added life for 1 month.
Since the asset can not be depreciated in the month it is added, with above life it will be depreciated fully in two months.
e.g.
An asset is added on 15th Jan then:
1. First month depreciation will be from 15th to 31st Jan
2 Second Month Depreciation will be from 1st Feb to 14th Feb
At this point the asset will be fully depreciated.