Depreciation method based on days vs an even amount each period
Hello, I'm looking for some guidance.
Is there a depreciation setup that would allow for depreciation to be based on the # of days in the year or from the 1st day of the year (if purchased in a prior period) or DPIS if purchased in the year?
For example, fiscal periods run 5-4-4 but the year always start on Jan1 and end on Dec 31.
Asset 1 = NBV = 5000 Jan 1, ( purchased in a prior year), What is the best depreciation method/setups, that would yield the Year to date depreciation of (NBV x Rate 20% x ((# of days so far in the year)/365)))