Prorate Depreciation Expense for asset addition with Old Date in Place in Service
Hello, I am facing this question from client and could not find a solution yet, let me explain it with example.
Company want to purchased an asset for example a Laptop, purchase department issued a PO on 1st July,2019. Laptop delivered on 15 July 2019 and user start using the Laptop from july onwards. Vendor sent the Invoice on 01 september 2019. Payable user entered the Invoice and matched it with PO and mark track as an asset and post the invoice in September. Mass addition run and new asset created in fixed asset module. FA current period is september. Date in place in service for this asset is 15 july 2019. when depreciation run and accounting run, all the previous