The Half-Year Convention method will only be applied if you have placed a check mark in the Use Half-Year Convention field in the FA depreciation book.
This depreciation method can be used in conjunction with the following depreciation methods in the program:
When Half-Year Convention is applied, a fixed asset will have six months depreciation in the first fiscal year regardless of the contents of the Depreciation Starting Date field.
The estimated life of the fixed asset that is remaining after the first fiscal year will always contain a half-year using the Half-Year Convention Method. Thus, for the Half-Year Convention method to be applied correctly, the Depreciation Ending Date field in the FA Depreciation Book must always contain a date which is exactly six months before the final date of the fiscal year in which the fixed asset will become fully depreciated.
Fixed Assets Depreciation Methods
Fixed Asset Depreciation Setup