How can I setup half-year convention depreciation in Odoo?

Question

The half-year convention is a method of calculating depreciation for tax
purposes stipulated by the Internal Revenue Service (IRS) in the United
States.
It assumes that property placed in service or disposed of
during a tax year was in service or disposed of at the midpoint of the
year.
This allows for one-half year’s depreciation to be allowed in the
year the property was placed in service or disposed of, regardless of
when it was actually placed in service or disposed of during that year.

Ray Carnes (ray) · Accepted Answer

Odoo handles half-year convention deprecation as straight line with a start date of July 1st.
Example: You purchase a machine for $25,000 on
March 1, 2024. The useful life is five years.
With the application of a half-year convention, the depreciation
schedule is as follows:
*Straight-line Depreciation* = Cost of Asset / Useful Life = ($25,000 / 5) = *$5,000 each year*.
*Application of Half-year Convention* = ($5,000 / 2) = *$2,500 for the first and last year.*
*Depreciation Schedule*:
Year
Depr

Post correlati	Risposte	Visualizzazioni
Asset Depreciation Calculation Risolto asset depreciation	1 gen 25	2128
Asset depreciation post all previous depreciation entries at a time? asset depreciation	0 mar 15	4059
Link asset with Stock stock asset depreciation	1 giu 22	2503
Maintenance integration with Assets in accounting asset maintenance depreciation	1 apr 18	5637
Asset Linear Depreciation Calculation On Non-Full(Partial) Month? asset line depreciation	0 dic 15	6004

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Year	Depreciation
2024	$2,500
2025	$5,000
2026	$5,000
2027	$5,000
2028	$5,000
2029	$2,500