Depreciation Forecast Annual View, Amount For Accum. Depreciation Not Correct.
(Doc ID 831963.1)
Last updated on MARCH 12, 2019
Applies to:Oracle Utilities Work and Asset Management - Version 18.104.22.168 to 1.8.1 [Release 1.7 to 1.8]
Information in this document applies to any platform.
When vehicle assets enter a runtime lower than the previous runtime, a negative depreciation
expense and a reduction in accumulated depreciation is posted to the account log. The
depreciation forecast indicates the negative depreciation expense in both the annual and period
forecasts. The period forecast shows the reduction in the accumulated depreciation. THE ANNUAL
FORECAST DOES NOT SHOW THE REDUCTION IN ACCUMULATED DEPRECIATION, SO THE REPORTED ACCUMULATED DEPRECIATION ON THE ANNUAL FORECAST IS INCORRECT.
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