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Incorrect Adjusted Cost/Catch Up Calculated for Member Addition Using Flat Method Depreciation Basis Rule 'Year End Balance Positive AdjustAmount' (Doc ID 2728309.1)

Last updated on NOVEMBER 20, 2020

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.20.07.0 and later
Information in this document applies to any platform.

Symptoms

When using the Flat method with depreciation basis rule 'Year End Balance with Positive Adjustment Amount',
the depreciation basis amount remains the same for the second year even though the depreciation method is using Calculation Basis of 'NBV'.


The issue can be reproduced at will with the following steps:
   1. Navigate to Asset -> Add Asset

   2. Add a group assets with
       -- Current period open Aug-20
       -- Date place in service 01/01/2018
       -- Amortize enabled
       -- Amortization Date 01/01/2018

   3. Click in Financial Details -> General
       --Year Convention
       --Depreciation basis rule = 'Year End Balance with Positive Adjustment Amount'
       --Basic rate = 30
       --Adjusted rate = 30

   4. Click in Financial Details -> Group Asset Rules
       --Reduction Rate Percent = 50
       --Enabled Addition
       --Enabled Retirement

   5. Submit

   6. Add other asset to the group with the same information above.

   7. Submit

   8. Run Calculation Depreciation

Cause

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In this Document
Symptoms
Cause
Solution
References


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