Yes, you can acquire an asset and calculate depreciation for periods prior to the acquisition date. To do this, you will need to setup a user defined depreciation method.
In the example below, I created a user defined depreciation table with 84 periods (7 years with monthly depreciation). I acquired my asset in June and calculated depreciation for the first time at the end of June using a depreciation start date of January 1.
Fixed Asset Card
Depreciation Table for User Defined Method
Depreciation Book Entry - show More Depreciation Books from the FA card Depreciation Books FastTab and personalize to add First User-Defined Depr. Date in addition to the Depreciation Starting Date.
Acquistion and depreciation entries
Summary
By setting up a User Defined Method, you can post the depreciation beginning in January even though the asset was not acquired until June. The June depreciation entry will catch up the depreciation and months following will calculate as needed on a monthly.
Please confirm this answer if you determine what I am recommending is what you need. Thanks, Cynthia
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