Depreciation is not getting calculated when asset is retired in the same month of addition
Hi,
Depreciation is not getting calculated when asset is retired in the same month of addition.
For example.
Asset Cost - 100000
Accumulated Depreciation - 95000
DPIS - 01-JUN-2017
Depreciation Method - STL 3 Years.
Prorate Convention - Daily
Asset Added in the current open month of Apr-20 and retired in the same moth i.e. Apr-20 with the retirement date as 02-Jan-2020.
When we ran deprecation after retirement, there is no depreciation calculated for current year.
Ideally it should have calculated current year depreciation for 1 day i.e. 01-Jan-2020.
Thanks in Advance