Diminishing Value Depreciation Method - Calculating on Cost Instead of NBV
Last updated on JULY 17, 2015
Applies to:Oracle Fusion Assets Cloud Service - Version 22.214.171.124.0 and later
Oracle Fusion Assets - Version 126.96.36.199.0 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.
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