How Does Fusion Calculate Depreciation with Daily Method and Depreciation Reserve? (Doc ID 2136951.1)

Last updated on JUNE 21, 2017

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.1.10.0.0 and later
Oracle Fusion Assets - Version 11.1.10.0.0 and later
Information in this document applies to any platform.

Goal

 

Scenario:
  Current period = Apr-2016
  Amortization Flag = Yes
  Amortization Start Date = Apr-2016

  Life = 6 years
  Date Placed In Service = 1/20/16
  Depreciation Method = STL 5 years
  Asset Cost = 1,125,000

  YTD Depreciation Reserve = 44,335.00
  Depreciation Reserve = 44,335.00

How does the System Calculated Depreciation Expense for Apr-2016 = 18,491.91

Solution

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