Default Depreciation formula for a particular scenario
In Italy, when you buy an asset, the first year you book depreciation for 50% of a full year. Regardless which month you bought the item. Please see an example below:
Purchase 3 February 2012
Purchase value 544.63
Depreciation % 20
Depreciation/year 108.93
Year Depreciation Amount
2012 54.46
2013 108.93
2014 108.93
2015 108.93
2016 108.93
2017 54.46
Is there any existing standard depreciation method or formula for the above scenario in JD Edwards or is it possible to set-up this method/formula in JDE?