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linedepreciationproratedstraight
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ahmed saber

I had an asset in June 2024 that depreciated monthly with a straight line method with no prorata but the Depreciation Board starts with January 2024 

How can I solve this to start to compute depreciation at the end of June 

I don't want to start depreciating at the start of the year.

I want to start depreciating at the end of the month in which I purchased the asset.

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Ray Carnes (ray)
Best Answer

No Prorata always starts depreciation at the start of the year.

If you want to start in June 2024, you should select:

  • Constant Periods (same amount depreciated each month)

​OR

  • Based on days per period (higher in months with more days)

Your Prorata Date should also be in June:

  • June 1st if you want a full month of depreciation calculated on June 30th.

​OR

  • The date your asset went into service if you want a partial month of deprecation on June 30th.


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ahmed saber
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thank you very much it helps

SANA INFRASTRUCTURE

the most clear explanation i read on this so far! thank you

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