ER-Formula Depreciation Method to Calc Remaining Life on DPIS vs Fiscal Yr (Doc ID 1442728.1)

Last updated on FEBRUARY 01, 2023

Applies to:

Goal

Require the ability to calculate depreciation as follows on a particular category of assets:

1st year of asset life calculate 25% of depreciation
2nd year of asset life calculate 50% of depreciation
3rd year of asset life calculate 25% of depreciation

Per intended functionality, this does not work because RemainingLife1 is setting the rate based on the fiscal year date instead of from date in service.

Solution

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