Hello Experts,
Please help me resolve this issue.
Straight line depreciation wherein ordinary depreciation is not calculated evenly from the day depreciation needs to be calculated. I want depreciation to be calculated evenly among all the periods. Currently the depreciation is not calculated evenly irregardless of the acquisition period.
Attached is the screenshot demonstrating the problem.
Example: Useful life: 10 years, Acquisition year: 2014 Asset Acquisition Cost = 120000
Ordinary Depreciation (12000/12 = 1000)
For acq. year 2014, depreciation for all 12 months = 12000 spread evenly to every month.
if acq period = 1, the ordinary dep. calculated should be as
1=1000
2=1000
3=1000
so on...12=1000
I have period control 01/01/02/02 so all depreciation will calculate from 01.
Please let me know if I missed anything.
Thanks very much in advance.