Depreciation Calculation to Include Half Year/Months
Having the option to include half of a year (months) for depreciation calculation would be a game changer for fixed asset management
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<SpaghettiSec> commented
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Covid 19 commented
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Ruddra Shekhawat commented
Calculating depreciation to include half-year or monthly adjustments can be crucial for accurate financial reporting. One method is the Modified Accelerated Cost Recovery System (MACRS), which allows for half-year or mid-quarter conventions. For monthly depreciation, you can prorate the annual depreciation amount based on the number of months the asset is in use.
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Leonna Weiss commented
Totally agree - this would be super helpful.
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Rebekah Umali commented
Yes to this!!
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Chris Umali commented
This would be a huge help!
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Lance daSilva commented
yes please!
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Daniel commented
Good idea - they should definitely have this.
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Danielle Nichols commented
I agree!