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Fixed Assets - EBS (MOSC)

Prorate Conventions

Nov 25, 2013 12:27AM edited Dec 2, 2013 5:36AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered

We have following requirement for Asset Depreciation for depreciation of first year of service and retirement

1.First year: Depreciation is charged for full year in the year of purchase (irrespective of the month of purchase)

2. Year of retirement: Depreciation charged up to the month preceeding the month in which the asset is retired.

Can someone please guide on how to setup prorate calendar , prorate and retirement conventions with prorate date.

Thanks

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