52 versus 53 week year and impact on internal depreciation calculation


Hello, With 2023 being a 53 week year our fiscal year will be 1 week longer for the first time in Sage Fixed Assets for us. When I project depreciation and look at the impact of having a 53 week year versus a 52 week year it shows no change in current ytd depreciation. What I've found is that whether we use a 52/53 week accounting cycle, we will have no effect on the amount of depreciation claimed or how it is calculated. Is this true?

Parents Reply Children
No Data