Hi,
My country calculates fixed asset depreciation periods by days.
Here is the sample setup.
I found that system calculates depreciation periods base on the year we start the configuration and it's not updated as the actual calendar
Sample scenario:
Leap years are on 2020, 2024
Configuration starts on 2019: Service life 5 years => System calculates depreciation periods in asset group book = 1,826 (2019-2023)
On the year 2020, when users create new fixed assets with 5-year service life. Users expect to have 1,827 depreciation periods (because it's during 2 leap years on 2020 and 2024) but system uses 1,826 as it's originally calculated in asset group book. And if we change period in that fixed asset book to be 1,827 then the number of service life is changed to 4.99.
I wonder is there any setup to have system updated depreciation period correctly that I missed?
By the point that system doesn't calculate periods as the actual calendar it means service lives of those assets have 1 day less than it should have been.
My customer is a manufacturer, some machine costs like 35 million US dollars. One day less service life matters to them.
Regards and thank you in advance for any feedback.
