Full Depreciation in year of acquisition

[former_member312411]

Hello Team,

Looking for a DEP KEY which will depreciate the asset fully within the same year of acuqisition. We have LVA, which depreciates in same month, but we are looking for a  DEP KEY set up which can depreciate evenly within the same acquisition year.

Eg:

(Assuming Jan - December FY)

1. Asset bought in March for 15000, it should depreciate 15000 / 10 from March to December.

2. IF asset is bought in october for 6000, then it should depreciate 2000 every month till December.

Thanks

Km.

[Former Member]

Hi,

You candefine the depreciation key based on the fiscal year.

Define key based on useful life. Create the multilevel method. define period control as per your requirement, as the same would require for your case.

Hope this would help you.

revert if you have any querry.

Regards

Pankaj

[former_member312411]

Hello Pankaj,

Would be giving the business option to enter 1 as default useful life for all assets created for this. I too tried to tweak using mutiple method, but coudlnt figure out the way.

Let me know if you have more clarity.

Thanks.

[Former Member]

Hi Kishore,

It works, i have done it . The requirement is same as you have to depreciate the asset within the finacial year.

Provide your method and relative things so that i can assist you.

Regards

Pankaj

[former_member312411]

Pankaj,

I tried doing different permutations in Multi level method like

1) Acq year - 9999, Year - 1, Per - 100%, Base Value 01

2) Acq Year - hard coding it, Year - 1, Per - 100%, Base Value 01

and so on.

Thanks.