Hi,
I ma trying to figure out the impact on depreciation calculation when the convention is changed. Indeed, one of our depreciation book is using declining 200& balance with half year convention. By running the report Fixed assets mid-quarter applicability , we determine that we need to change the convention from half year to Mid-quarter. Once I change the default convention on the fixed assets groups/depreciation books, I can see that my Fixed assets already created are not being updated with new convention Mid-quarter, they remain with half year convention. my questions are :
- what should I do to have this MW convention applied to my FA?
- will the depreciation be adjusted automatically by the depreciation proposal in the current month?
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