Fixed Assets - EBS (MOSC)

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ACRS HALF-YEAR CONVENTION

edited Nov 25, 2012 4:48PM in Fixed Assets - EBS (MOSC) 3 commentsAnswered
Hi All

I have a client who has the requirement to takes a full year of depreciation in the year they acquire an asset, and then not take any depreciation for the year they retire the asset. I have read that this can be done with an ACRS Half-Year Prorate Convention, but I can't find any information regarding how to set this convention up.

Can somebody please assist with some guidance for setting this up?

Thanks,
Gary

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