Diminishing Value Depreciation Method - Calculating on Cost Instead of NBV (Doc ID 1952740.1)

Last updated on JULY 17, 2015

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.1.8.0.0 and later
Oracle Fusion Assets - Version 11.1.8.0.0 and later
Information in this document applies to any platform.

Goal

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.
 

Solution

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