1. Fixed Assets Implementation Guide
  2. Modified Start Date

Modified Start Date

The modified start date is determined by the Initial Term Apportionment field (ITAC). The modified start date determines the end date of an asset. You can set the modified start date as:

  • Start/Middle/End of the Month/Period.

  • Start/Middle/End of the Year.

  • Actual Date, Quarter Date, and so on.

Most depreciation formulas require an Initial Year (or Period) Apportionment percent. When using a formula that requires this, you should use Element 50 to apply to the first year's percent and for period calculations.