Depreciation amount is not considering date place in service/prorate rate date
Hi Team,
Issue: Depreciation amount is not considering date place in service/prorate rate date
My setups are as follows
Divide depreciation: In Days
Depreciation Method: STL
Prorate Convention: Daily prorate date
Dep Calendar : Monthly
Above are setups.
Asset cost = 12000, Life years = 5yrs, STL method, DPIS = 21-Jan-22 and prorate date = 21-Jan-22
Dep run for Jan-22
First period system is calculating full period depreciation. i.e. 31 days it is calculated.
Where as Our requirement is to calculate from date placed in service only which is my prorate date. i.e. 10 days depreciation for first period.
Where was the mistake not sure. Can you guys help me to fix this requirement.