Financial - JDE1 (MOSC)

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Default Depreciation formula for a particular scenario

edited Jan 4, 2018 4:04AM in Financial - JDE1 (MOSC) 4 commentsAnswered

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?

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