Depreciation Start date diff taking in the year2007-08 and2008-09
In my client for assets depreciation start date system treating as:
1.For the Fiscal Year 2007-08
if they purchased between date 1 to 15, depreciation start date was as in that month 1st.
if they purchased between date 16th to 30/31, depreciation start date
system has taken and depreciation calculated from next month 1st.
(FI Key User told at the time of Implementation ,Blue Print preparation
they finalized this method only)
But in the
2.Fiscal year 2008-09
When ever they purchased, system has taken depreciation start date as, in that month 1st(from that month begin).
1.Can any one explain for the below point.
Why the system taking depreciation start date
In different way in 2007-08, 2008-09
2. Now Client asking for 2008-09 fiscal year all assets, depreciation start date change into as Asset put date(asset purchase date).
Can we change for 2008-09 fiscal year as per client requirement?
(dep start date as asset put date for all assets)
(Note: Depreciation not yet run for the fiscal year 2008-09)
If it is possible please guide me.
Thanks in Adv.