Hi All,
Thank you in advance

I have the below depreciation requirement.

financial year - 2024/1/1 - 2024/12/31

Asset acquisition date - 2024/May/15

Asset value - 12000

Estimate life - 10 year

Depreciation method - straight line but in the year of the acquisition, depreciation should be calculated for half and distributed equally among the periods.

Example as per my scenario, deprecation will start from May but the amount posted for each period should be = 75

12000/10 --> 1200 per year

1200/2 = 600 in the first year

600/8 = 75 per month in the first year (8 = no of months in the first year)

Can someone please help me to set this depreciation method?