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Depreciation is getting calculated for full year even when the asset is added in the 11th month of t

edited May 28, 2019 5:02AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

Hi All,

We are facing some issues with the depreciation calculation for assets.

Our Calendar runs from Nov. to Oct. every year. Even when we are adding assets with date placed in service of 01-Sep-2017. Depreciation is getting calculated for whole year i.e., from 01-Nov-2016 to 31-Oct-2017 which is not as per expectation. System should be calculating the depreciation from 01-Sep-2017 only on monthly basis.

Is there any set-ups that could lead to such depreciation miscalculations?

Regards,

Saurabh

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