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

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