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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Depreciation For asset...
Microsoft Dynamics GP (Archived)

Depreciation For assets entered in February 2012, not ending correctly

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Posted on by Community Member

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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  • Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,625 Moderator on at

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

  • Community Member Profile Picture
    Community Member on at

    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.

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