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Calculation of Full Day for SL Depreciation Method

  • January 25, 2025
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Jr Varsity II
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Hello!

We are calculating Depreciation for number of days from the Placed-in Service Date. 

I want to know how the depreciation is calculated as seems it does not calculate depreciation based on 365-day calendar. 

Depreciation per Day = Acquistion value / (365 * number of years)

First, I thought of above but seems is takes days around 371. 

Can anyone please help me with this?

Thank You!

 

Best answer by nhatnghetinh

Hi ​@apallawala21 

Please refer to the post below it may help you.

 

Best Regards,

NNT

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    robk20
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    nhatnghetinh
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    • nhatnghetinh
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    • January 25, 2025

    Hi ​@apallawala21 

    Please refer to the post below it may help you.

     

    Best Regards,

    NNT

    I have devoted my time and deep passion to Acumatica! 🌐 https://www.linkedin.com/in/truongpham80
    Chris Hackett
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    • Chris Hackett
      Chris Hackett

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