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Leap Year Consider As 365

edited Mar 9, 2015 3:23PM in Fixed Assets - EBS (MOSC) 2 commentsAnswered ✓

Dear All,

Is it possible to Calculate Depreciation on bases of 365 period in Leap Year ? Currently System consider as 366 days and calculate depreciation on the bases of it.

Currently system is calculating by following way.

For example:

DIPS : 10-Nov-2011

Cost :  12000

and Life : 5 Year

Daily Base Prorate Calendar

11-Nov   12000/5 = 2400/365 =  6.575342 x 21 = 138.082

11-Dec 12000/5 = 2400/365 =  6.575342 x 31 = 203.835

12-Jan  12000/5 = 2400/366 =  6.55737 x 31 = 203.27868852459

12-Feb  12000/5 = 2400/366 =  6.55737 x 29 = 190.16393442623

12-Mar  12000/5 = 2400/366 =  6.55737 x 31 = 203.27868852459

Thanks

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