There are times you may want to defer the start of depreciation expenses to a later period. For example, when you are constructing an asset internally and can only start depreciating the asset once it is fully ready for use.
You can control the timing of depreciation expense easily by choosing one of the monthly rate options (either Straight Line or Declining Balance) as the Depreciation Method. Castaway then adds a new data entry row that lets you enter specific depreciation rates for each month.
NB: make sure you enter the annual depreciation rate in each month
The other option is to use Enter Data as Depreciation Method and add the depreciation expense manually.
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