Our company is setup for a 4-4-5 calendar and calculation in Sage Fixed Assets. We are in the process of being acquired. I have done research on the site and community and want to confirm my interpretation is correct for the following.
1. I can run depreciation at any point during the month and it will calculate based on the 4-4-5 calendar that is setup for our company. The calculation is based on the calendar setup not based on the date depreciation is ran. Correct?
2. Let's say we are acquired in the middle of the month (day 15) or could be days before and after the middle of the month. There is no way for us to change the depreciation calculation so that it will calculate only for 15 days (for example) of the 4-week or 5-week period, correct?
Thanks for your help!