Prorate Conventions setup

Hello everyone

Could you please advise with the Prorate Convention setup in the screenshot, will the 2 cases below work with this setup?

1) when asset first placed in service no depreciation is charged. In terms of setup is this because we uncheck the ‘depreciate when placed in service’ and set the prorate date to the first day of the following month? both are needed to achieve that, correct? 

2) in the last month of asset life when asset retires where we want to charge full month depreciation. Would this setup still achieve that? If so, how does it work? Where in this setup is telling the system to do that please?