APP-OFA-47206 Error when Manually Creating a Custom Table-Based Depreciation Method (Doc ID 1502872.1)

Last updated on AUGUST 23, 2021

Applies to:

Symptoms

When attempting to setup a new custom bonus table-based depreciation method similar to
MACRS 100B H but for 24 periods, the following error occurs after entering the data for the first period:

ERROR
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Error:
APP-OFA-47206: For the last year of life the rate for each
period must be 1 to fully depreciate the asset.


STEPS
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The issue can be reproduced at will with the following steps:
1. Define new table-method under Depreciation Methods form
2. Click on Rates button
3. Enter data for first period including Rate = 1

Changes

Cause

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