Doc ID 952943.1: How To Calculate Depreciation Using Daily Prorate, Monthly Depreciation Calendar An

In Document Doc ID 952943.1: How To Calculate Depreciation Using Daily Prorate, Monthly Depreciation Calendar And Even Allocation? following are observation.

A. The depreciation is calculated annually

B. The above annual depreciation is converted to depreciation for the first year on daily basis. Then it is converted to remaining days the depreciation would be calculated for first year.

C. The Depreciation is then calculated for 11 months as monthly.

D. Difference between B and C are considered as depreciation from the DPIS till month end.

In the above case, the prorata calendar is not respected. Prorate calendar should calculate independently for the days on a prorata basis.