By using this website, you agree to our Terms of Use (click here)
Notifications
Clear all
Everything Else
2
Posts
2
Users
0
Reactions
3,744
Views
April 27, 2018 2:54 am
Hi there,
I would like to setup straight-line depreciation method, which will calculate dep. expense on daily bases, meaning that asset should be depreciated durring the finnancial period according the actual days. For example:
If my financial periods starts from January 1, asset life cycle is 1 year and it was placed in service at January 1 with a original cost $365 with no salvage value, depreciation for January should be $31.
Is it possible in Acumatica ERP? As I discover, it calculates with following rule: Cost (365) / financial periods ( 12).
1 Reply
May 4, 2018 4:09 am
Hi Levan,
Sorry, I'm not going to be much help here since I'm not that familiar yet with the Fixed Assets module.
Doesn't it seem like you would need a "Daily" option in the Averaging Convention field on the Fixed Asset Classes (FA201000) screen?
Online Members
