How do I record depreciation for the year prior to the disposal of the investment?
The depreciation amount is Pro Rata by Simple Fund 360 when using the Depreciation screen.
|From the Main Toolbar, go to Compliance.||
|Navigate to Period compliance|
- Select the checkbox next to the Asset(s).
- From the Depreciation Menu click Post Depreciation.
- Input the Depreciation Date and select Post.
By changing the Depreciation Date, the depreciation amount will be Pro-Rated based on the date.
How is the Depreciation Amount Calculated?
Prime Cost Method
Diminishing Value Method
Capital Works Deduction