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Fixed Assets - EBS (MOSC)

Change Depreciation from full months depreciation for goods placed in service to Prorated for month

Sep 9, 2021 1:11PM in Fixed Assets - EBS (MOSC) 1 commentAnswered

The current setup for Depreciation is full months depreciation in month of purchase and no depreciation in month of sale.

The Auditors say that GRAP says that in the first month of the asset placed in service the depreciation should be prorated in days.

Can this be easily changed for new assets going forward and what will be the impact for Assets already depreciated.

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