Cost Adjustment Created Incorrect Depreciation Expense For The Reporting Book (Doc ID 2894404.1)

Last updated on FEBRUARY 08, 2024

Applies to:

Symptoms

Cost adjustment to an asset with corp book in foreign currency and tax book in USD, cause an incorrect catch-up depreciation expense for the tax book.

The issue can be reproduced at will with the following steps:

1. Create asset Mar-21 back dated to Jan-21
2. Click Upload button twice
3. Use Mass Additions FBDI to upload cost adjustment of -$50,000 in May-22 backdated to Jan-21 (user found this produced incorrect results)
4. Use Mass Additions FBDI to upload cost adjustment of $50,000 in May-22 backdated to Jan-21 (user tried to reverse prior adjustment but results are still incorrect)

Changes

Cause

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