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Status Awaiting Review
Categories iFinance
Created by Guest
Created on Jan 24, 2025

Fixed Assets - Full Year's Depreciation in First Year of Purchase

Could we please introduce the option of charging a full year's depreciation in the first year of purchase, which would be in line with some company's depreciation policies. Currently, the only override is to set the purchase date to the first day of the academic year and run all 12 monthly depreciations in one go at the year end. Unfortunately, with this override, the purchase dates will be incorrect.

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