Fixed asset Depreciation: Manual depreciation issue

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Hello,

I am facing an issue when calculating depreciation for fixed assets using a Manual depreciation profile.

I have noticed that depreciation method: Manual only works with Depreciation convention: None. It doesn’t work with other depreciation conventions such as, Half yearly, Full month, Mid quarter, Mid Month (1^st of the month), Mid Month (15^th of the month), Half year (Start of year), Half year (next year). When I tried to acquire the asset with depreciation convention other than the “None” I received the following error message.

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In the example above I have used depreciation convention “Half Year” please see the screen shot below.

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The setups for Manual depreciation profile are as follows:

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Can anyone provide a solution to this issue,

Thanks.

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Frank Hamelly | MVP... 46,633 Moderator on at

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What is the purpose of using the Half year convention? You could easily simulate that by editing the first interval to be 1/2 the current value, entering a 5th Interval in your manual schedule and making it 1/2 the first interval (16.66 & 16.67, respectively).

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