Specifies a date to specify the first date in the current fiscal year. If you leave the field blank, the program will use the date in the Starting Date field in the Accounting Periods window.
The information in this field is only used when the program calculates depreciation for fixed assets where the Depreciation Method is Declining Balance 1 or DB1/SL.
In this case the depreciation basis is calculated as book value minus depreciation in the fiscal year. Depreciation is defined in the field Depreciation Type in the FA Posting Type Setup window. The starting date of a new fiscal year is used to calculate depreciation in that fiscal year.
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