Depreciation For assets entered in February 2012, not ending correctly

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Posted on by Community Member Microsoft Employee

I am having an issue where depreciation is calculating an extra day for assets setup in February 2012. I have some three year assets that should fully depreciation in February, but have 1 day of Depreciation calculating in March. Has anyone else run into this issue? How did you solve it?

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Community Member Microsoft Employee on at

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RE: Depreciation For assets entered in February 2012, not ending correctly

Yes it was setup for 29 days. I am not having this issue for January assets. and I even tried one that was setup in March of 2012. The issue is only for all of the February assets. They have one extra day remaining at the end. I have recalculated the lives, and have changed the date placed in service oneday both forward and backward, and still have the one extra day.
Frank Hamelly | MVP... 4,029 Super User 2024 Season 2 on at

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RE: Depreciation For assets entered in February 2012, not ending correctly

2012 was a Leap Year with 366 days. Is your Fixed Asset Calendar setup to reflect 29 days in February that year?