R12: After Changing Date Placed In Service the System Does Not Calculate Depreciation Correctly
Last updated on NOVEMBER 09, 2017
Applies to:Oracle Assets - Version 12.0.4 and later
Information in this document applies to any platform.
1. Add new asset through mass additions with date in service 01-May-2001.
2. Post the mass addition.
3. After two periods, change the date in service to 01-May-2011 which is period APR-11. The change takes places in period JUL-11.
4. Run depreciation. The system only computes 2 months of depreciation. It should have 3 months of depreciation.
Since the prorate convention is FOL MONTH, depreciation should be taken for MAY-11, JUN-11 and JUL-1.
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