Catch Up Depreciation On Group Asset Does Not Appear To Be Calculating Correctly (Doc ID 2269739.1)

Last updated on NOVEMBER 18, 2019

Applies to:

Goal

Can you please confirm the catch-up depreciation numbers that the system is calculating?
The following is what Oracle shows:

Per Oracle Cloud FA
Mar-17 Mar-17 3/31/2017 Depreciation 176,387.13 =103757135.83 x 2.04% / 12
Apr-17 Apr-17 4/30/2017 Depreciation 176,387.13 =103757135.83 x 2.04% / 12
May-17 May-17 5/31/2017 Depreciation 193,217.13 =113657135.83 x 2.04% / 12
Totals 545,991.39

If system was calculating catch-up depreciation, the results would be as follows:
Mar-17 Mar-17 3/31/2017 Depreciation 190,837.13 =112257135.83 x 2.04% / 12
Mar-17 Mar-17 3/31/2017 Depreciation Adjustment 28,900.00 =8500000 x 2.04% / 12 * 2
Apr-17 Apr-17 4/30/2017 Depreciation 193,217.13 =113657135.83 x 2.04% / 12
Apr-17 Apr-17 4/30/2017 Depreciation Adjustment 2,380.00 =1400000 x 2.04% / 12 * 1
May-17 May-17 5/31/2017 Depreciation 193,217.13 =113657135.83 x 2.04% / 12
Totals 608,551.39
 

Solution

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