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Depreciation Calculations for Mid-Month Assets

edited Jun 2, 2025 2:49PM in Ask A Guru 3 comments

If an asset is purchased in the middle of the month, depreciation should start from that mid-month date. Consequently, the depreciation schedule should reflect that the asset is depreciated from the mid of the month for each subsequent period. Can someone explain why the system is only using the last day of the month for depreciation calculations instead?.

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