0 Replies Latest reply: Nov 12, 2010 3:56 AM by 813449 RSS

    HY Prorate Convention - Incorrect Depreciation

    813449
      Hi ALL,

      We have uploaded New Depreciation method and amortization date as DPIS for Assets through TAX Upload Interface.

      Prorate Convention: HY

      31-JAN-2010 - 29-JAN-2011 - Prorate Date as 01-AUG-2010

      We have noticed that Assets DPIS falls in First HALF of prorate convention. (Period 1 - Period 6) - Depreciation is not calculated incorrectly. But Depreciation of Assets whose DPIS falls in the Second Half (Period 7-Period 12) are correct

      WHY SYSTEM IS NOT ABLE TO CALCULATE THE CORRECT DEPRECIATION OF ASSETS WHOSE DPIS FALLS IN THE 1ST HALF OF PRORATE CONVENTION ????

      If you need any information, Please let me know.

      Thanks
      RK