Depreciate Fixed Asset - Declining - Balance 1

nverma

I created an Fixed Asset with the following book value ($1500), depreciation method is declining balance 1, with declining balance % = 4%. However, in the first year, the calculated deprecation should be 50% of the book value ($750) and afterwards, it should be 4% every year.

I tried using the Use half-year convention, but that didnt work. How can I make the book value go down by 50% only for first year if the depreciation method is 'declining balance 1'. I also tried using the 'Depr. This year % (custom 1)', but that didnt do anything either. I have gone over the book and the msdn website, I couldn't really find out how to do it.

Please advice.