How to Calculate Depreciation On Amortization Using Daily Prorate Calendar, Monthly Depreciation Calendar and Daily Allocation

(Doc ID 1169524.1)

Last updated on NOVEMBER 08, 2017

Applies to:

Oracle Assets - Version 11.5.10.0 and later
Information in this document applies to any platform.

Goal

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

Daily Prorate Calendar
Monthly Depreciation Calendar
Divide Depreciation is Daily

Ex:
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)

Solution

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms