Dep start date : 25.09.2008
Asset aquisition : 29-.09.2008
Dep rate : 10%
While running AFAB, why system is calculating from 1 period i.e., Apr (Fiscal year is 2008) onwards. Dep should be calculated from 6 period i.e., Sep onwards.
And how Acc dep will be closed? at the year end shall we pass a JV like
Acc Dep A/c Dr
To Asse A/c
Can anybody pl let me know the logic behind this?