Hello everyone,
Is there a way to get NAV calculate depreciation based on a Full Month Depreciation Convention instead of making the calculation based on the amount of depreciation days?
For example: We acquired an asset on 03/31/2013 (this is also my Depreciation Starting Date) and I want to calculate depreciation until 11/30/2014. That would be 21 months of depreciation and NAV is calculating 601 days (20 months +1 day ).
Is there a way to set this up?
Thank you.