Ok. After fiddling aroud a bit I think I understand more how to use Depreciation features on FA ...
However, there are 2 things that still confused me
1. The correct rate to use for straight line
Example I want to deprecate item "A" of value 1,200,000 for example for 2 years ( 1,200,000 / 24 = 50,000 each month ).
Now 50,000 / 1,200,000 is about 4.167% or 4.2% in FA's straight line
If I enter 4.2% in straight line method and process depreciation for "A", how come the depreciation value is 4,200 ? while I should be expecting 50,000 each month ?
2. How does FA decides when it starts to depreciate ?
On Fixed Asset item definition, you are provided field "Depreciation Starts" and I enter 1/1/2018.
And on purchase this particular Fixed Asset dated on 1/1/2018
When you want to start Process Depreciation however, the "Starting From Month" is February 2018 or March 2018 in some cases, but never on January 2018
Thanks
I don't think wiki covers this