Depreciation Needs to Calculate Before Service Date
We have a requirement to calculate the depreciation of an asset before service date as per Germany Local GAAP
Example.
Financial year : OCT-23 to SEP-24
Cost of Asset : 20000
Service date/Bought into oracle : 24-MAY-2024
Life of Asset : 5 Years
Depreciation needs to be calculated from OCT-2023 to MAY -2024 (if we run Depreciation Program for MAY -24 to capitalize the asset for first month) only for a particular Asset category.