Partial lease expenses

If the asset is not in service for the full month at either the beginning, ending, or both periods of the lease, the Lease Expense will be prorated based on the number of days the asset is in service for the month.

For creating leases, see Creating a lease.

When lease amortization is done on a partial period lease, these processes are also affected:

• Lease Impairment
• Lease Modification
• Lease Termination