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Depreciation Calculation When Using 365 Prorate Calendar With Evenly as Depreciation Allocation Code (Doc ID 2780659.1)

Last updated on MAY 30, 2021

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.21.01.0 and later
Information in this document applies to any platform.

Goal

On : 11.13.21.01.0 version, Asset Month End Processing

Depreciation Wrong Calculation:
We have done all setup of fixed asset and created one asset through direct add assed and when I have run the depreciation system calculated wrong amount:

Example
Asset Number =10002
Amount =120000
Date Placed in service =11/30/20
First period is also opened for NOV-20
System calculated = 5.48

Using STL method
Life = 5 year
Amount =120000
Yearly depreciation will be = 24000
One day depreciation will be = 65.75


Solution

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In this Document
Goal
Solution
References


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