Fixed Assets - EBS (MOSC)

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Fixed Assets and Depreciation Calculation in month of Retirement

edited Jun 8, 2014 12:00PM in Fixed Assets - EBS (MOSC) 4 commentsAnswered

Hi All,

We have an asset that was placed in service on 31-MAR-2012 with a prorate date of 01-MAR-2012.  The asset has STL as depreciation method.  The asset was retired in March 2014.  I expected the calculation to be as such

34200asset cost
950depreciation per month (34,200/36)
102012months of depreciation
122013months of depreciation
32014months of depreciation
25total months of depreciation
23750total depreciation
10450loss

however it was as such.  Is depreciation calculated in the month retired?  Thanks!

34200asset cost
950depreciation per month (34,200/36)
102012months of depreciation
122013months of depreciation
22014months of depreciation
24total months of depreciation
22800total depreciation
11400loss

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