Daily Depreciation
Hi,
Is there a way I can depreciate daily in asset management? There is no daily convention. I want that in the moment that any asset is acquired it can depreciate in that precise moment. For example, if an asset was acquired in june 5 2013, its cost was 10000 dollars with a life asset of a year. Its monthly depreciation amount is 833.33(10000/12 months). If I want initiate the depreciation on june 5 2013, the first period should be 694.17 (833.33/30 days*25 days in the period after june 5).