E1: 12: R12855 Compute Depreciation Methods of Computation R, I, C, and P and Catch Up Examples for Missed Depreciation
(Doc ID 1480315.1)
Last updated on JULY 17, 2023
Applies to:
JD Edwards EnterpriseOne Fixed Assets - Version XE and later Information in this document applies to any platform.
Goal
The Compute User Defined Depreciation (R12855) has several methods of computation which can be used based on a companies specific situation and needs. These are the four primary methods of computation for deprecation:
Remaining Months - Method of Computation R Inception to Date - Method of Computation I Current Year To Date - Method of Computation C Current Period - Method of Computation P
In this document an example of each method of computation is shown for year 2 of the assets life detailing how each method of computation functions in a scenario where no depreciation was taken in year 1 requiring a catch up or correction of missed depreciation. For each method of computation a description for catch up in the final year is also discussed. The same logic in reverse can be applied when an asset is in an over depreciated situation.
Please note that depreciation is user defined and has many variables which can result in different depreciation scenarios and calculations. This document is covering only straight line depreciation with depreciation missed in year 1 being caught up in year 2 or where appropriate based on the method of computation.
Solution
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