First period of depreciation is grayed out in Update mode in Adjustments and Retirements and on asset transactions



Description of Issue

Unable to change the first period of depreciation on an Active asset:

  • First period of depreciation is grayed out when in Update mode in Adjustments and Retirements

  • First period of depreciation is grayed out on Adjustment and Improvement transactions



Context

Fixed/Capital Assets



Cause

Depreciation convention was set to half-year in Fixed/Capital Asset Settings and/or Sub-Class Codes programs



Resolution

It is by design that when half-year depreciation convention is used, the first period of depreciation will default in and cannot be changed to ensure a half year's worth of depreciation is taken in the first year



Additional Information