How can I setup straight line depreciation with no prorata?

Question

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.

Ray Carnes (ray) · Accepted 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.  image [1]

[1] /web/image/50322704-fd9

Related Posts	Odpovědi	Zobrazení
Asset Linear Depreciation Calculation On Non-Full(Partial) Month? asset line depreciation	0 pro 15	6057
Asset Depreciation as per Companies Act, 2013 (India) depreciation	1 srp 25	576
How does "degressive/accelerated degressive" depreciation work? I am moving from Netsuite where they use a formula. Which one do I pick and how do I set it up? depreciation	2 pro 21	10777
IS THERE ANY WAY TO STORE THE COMPUTED LINE_IDS VALUE TO A FIELD line	1 bře 15	264
Depreciation Calculation Error Odoon 18.2 Vyřešeno accounting depreciation	1 kvě 25	1374

This question has been flagged

Enjoying the discussion? Don't just read, join in!