Fixed Assets - EBS (MOSC)

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How is depreciation calculated?

edited Mar 5, 2018 4:00AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered

Hi,

Im trying to create an asset with the following details:

Cost: 714731.27

Method Type :calculated (Straight Line method)

Life :480 months

Prorate Convention: Mid month

Current Period-September-16

Start Date -Jan st ,End Date -Jan 31st ,Prorate Date-Jan 16th -This is similar for every month,Prorate Date is 16th of that month.

Prorate Calender contains 24 periods. Jan 1-16th,Jan 16 to 31st and so on..

Depreciation Calender has 12 periods..Jan 1st -Jan 31st, feb 1st-Feb 28th and so on

Fiscal year is from Jan-December

What will be my current year depreciation and life to date depreciation? And how it is calculated?

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