Depreciation Asset

I want to ask about asset depreciation. Why is my date scheduled annual, while my frequency of depreciation (months) is set to 1, which should change my monthly schedule instead of yearly. Is the schedule date here any more settings other than in the asset category?

Try changing the frequency of Depreciation to 48 and check how it reacts.

UPDATE: Sorry that should be 1 But you need to check depreciation Start date and try a fresh form, it should get you month wise

Which Version are you trying this on ? V11 or V12?