Depreciation Calculation When Using 365 Prorate Calendar With Evenly as Depreciation Allocation Code
(Doc ID 2780659.1)
Last updated on JULY 07, 2023
Applies to:
Oracle Fusion Assets Cloud Service - Version 11.13.21.01.0 and laterInformation 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 |