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How to Calculate Depreciation On Amortization Using Daily Prorate Calendar, Monthly Depreciation Calendar and Daily Allocation (Doc ID 1169524.1)

Last updated on MAY 26, 2022

Applies to:

Oracle Assets - Version and later
Information in this document applies to any platform.


How does the system calculate the depreciation of an asset with the following sample parameters:

Daily Prorate Calendar
Monthly Depreciation Calendar
Divide Depreciation is Daily

Current period is Apr-02
Fiscal Year is January to December
Asset's DPIS and Prorate Date are 1-Feb-00
Cost 7,393,445.95
Reserve 2,307,588.84
Salvage value 10.00
Current open period Apr-02
DPIS 1-Feb-00
Amortization start date 1-Apr-02
Life 492 Months (41 Years)


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