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Depreciation before purchase date

Started by Christian Reksten-Monsen -   in Using Xero

In Singapore, fixed assets are depreciated over 3 years, where 1/3 is depreciated in the year of purchase, regardless of purchase date. So if I purchase a computer in July 2018, depreciation should be 1/3 for 2018. As I cannot set depreciation start date before the asset purchase date, I am at a loss of how to solve this.

Any suggestions?
When you add the new asset to the Fixed Asset register can you change the purchase date and depreciation start date to the first day of the financial year? With a straight line depreciation rate of 33.33 Xero will then provide for depreciation of 1/3 of cost.
 

John Knight