Prorate Calendar use in Straight line Depreciation method
Hi ,
I need to understand the use of Prorate Calendar during the Straight line depreciation calculation
As per my understanding , the Prorate Convention is used at asset category level to calculate the depreciation in the first year
Additionally , for subsequent periods , we use the Divide depreciation flag & Depreciation Calender
So how does Prorate Calendar impact the Straight line Depreciation calculation
Thanks in advance