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R12.1 FADEPR Depreciation Incorrect For Assets With One Month Life Calculated Method (Doc ID 1330390.1)

Last updated on OCTOBER 16, 2019

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
FADEPR - Depreciation Program


Depreciation is incorrect for assets with a one-month life. 

Using a calculated depreciation method of 1 month, the life of the asset is 1 month, and the prorate convention is Daily.  Assets added before 9th Feb are getting depreciation for the entire month, whereas, for assets added 10th Feb or later using the same depreciation method and prorate convention, the system calculates depreciation for remaining days in the Feb month and the rest of depreciation is calculated in March.

The assets should not be depreciating beyond their useful life when not set to do so.  With a one-month life and a monthly depreciation calendar, a fully reserved status should be in the period of addition.




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