The starting date for the first depreciation calculation, which is based on the placed-in-service date and depreciation convention. ...

The starting date for the first depreciation calculation, which is based on the placed-in-service date and depreciation convention. Because some countries/regions might require that you set up the date for the first depreciation differently, sometimes even months before the acquisition, you can change the date. The date that you enter remains the same when acquisition transactions are posted, even when the date differs from the depreciation run date. You should verify this date for all new fixed assets before the first depreciation. No depreciation can be posted before a fixed asset is acquired. Therefore, if the placed-in-service date is before the date of acquisition, the first depreciation that is calculated after the acquisition will include the depreciation that was calculated between the placed-in-service date and the acquisition date. For example, a fixed asset is acquired on December 31, 2011, and the depreciation profile is straight line quarterly. Depreciation starts on July 1, 2009 (depreciation run date), the acquisition price is 10.000, and the service life is 4 (quarters). The depreciation that is calculated on December 31, 2011, is 5.000 (for two quarters).