Add the ability to establish asset useful life in months rather than in years in Fixed Assets

Because we have a long-term land lease for our facility, we do not want to depreciate any leasehold improvements beyond the practical end of the lease.  As we were recently establishing a useful life for a new building, we wanted to depreciate the building over the exact number of months remaining in the long-term lease, but had to choose the closest year instead.  The change in depreciation was small, but it would make more sense to have an asset depreciable life that exactly matches up with the remaining property lease as currently negotiated.

  • Guest
  • Nov 16 2016
  • Future consideration
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  • Guest commented
    3 May 07:46pm

    Agreed. We struggled with this while implementing new lease standards.

  • Guest commented
    3 May 07:41pm

    Great idea!