Diminishing Value Depreciation Method - Calculating on Cost Instead of NBV
Last updated on JULY 17, 2015
Applies to:Oracle Fusion Assets Cloud Service - Version 126.96.36.199.0 and later
Oracle Fusion Assets - Version 188.8.131.52.0 and later
Information in this document applies to any platform.
I have created a custom depreciation method called Diminishing Value. This is based on
Method Type = FLAT
Calculation Basis = NBV
Depreciation Basis Rule = Use Transaction Period Basis
However when I create assets against this method it is calculating the rates based on the Cost not the NBV.
I have also looked up the support notes and it has also confirmed that the depreciation should be based on NBV not on cost.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms