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1,455My client is using this method for all assets - and wants to know the monthly impact it has in GP for processing the actual depreciation journal entry. If they purchase an item for $12000 with a 3 year life - we know the the first year is 12000/3/2 or $2000 for the first year, then 4000 in the next 2 years and 2000 for the final year. How does GP handle the monthly depreciation recording?
Lets say they purchase an asset in March for a YE of June 30. Would the monthly be March 500, April 500, May 500, June 500? Or would it all be computed in March 2000? We need to know for forecasting purposes.
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