How to Calculate Depreciation On Amortization Using Daily Prorate Calendar, Monthly Depreciation Calendar and Daily Allocation
(Doc ID 1169524.1)
Last updated on MAY 24, 2021
Applies to:Oracle Assets - Version 188.8.131.52 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
Salvage value 10.00
Current open period Apr-02
Amortization start date 1-Apr-02
Life 492 Months (41 Years)
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