Depreciation Incorrectly Calculated For Retirement Where Calendar Is Annual (Doc ID 3017896.1)

Last updated on APRIL 19, 2024

Applies to:

Symptoms

Retirement expense is incorrectly calculated for assets retired with DPIS in prorate calendar period other than first period of fiscal year, and the depreciation calendar is annual.


The issue can be reproduced at will with the following steps in a book where the depreciation calendar is annual (one period):
1. Add asset with DPIS in second prorate calendar period, prorate maps to first calendar period.
2. Retire the asset with retirement prorate date mapping to the first day of the next fiscal year.
3. Verify that the retirement expense is incorrectly calculated.

Cause

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