Incorrect Depreciation Expense On Fully Reserved Asset After Partial Cost Retirement Using Following Month Prorate
Last updated on MARCH 06, 2018
Applies to:
Oracle Assets - Version 12.1.1 to 12.1.3 [Release 12.1]Information in this document applies to any platform.
Symptoms
After completing an amortized adjustment and partial cost retirement for a fully reserved asset, negative depreciation expense is calculated.
Note: The partial cost retirement uses a following month convention.
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1. Addition ***** 2013-03 (MAR-13)
=========================================================
Book : FA_BOOK-A
Asset Number : FA_BOOK-A-01
Cost : 10,000
YTD depreciation amount : 9,999
Accumulated depreciation amount : 9,999
DPIS : 2012-04-01
Depren method : JP-250DB 5
Salvage value : 0 JPY ( Amount )
Depreciation limit amount : 1 JPY ( Amount )
2. Adjustment ***** 2013-04 (APR-13)
=========================================================
Depren method : JP-250DB 5 => STL
Life Years : 5 YR
Amortize Adjustment : Check
Amortization Start Date : 2013-04-30
3. PARTIAL RETIREMENT ***** 2013-04 (APR-13)
=========================================================
Book : FA_BOOK-A
Asset Number : FA_BOOK-A-01
Retire Date : 2013-04-01
Cost Retired : 9,900
Retirement Convention : Following month convention
4. Run Calculate Gains and Losses ***** 2013-04 (APR-13)
=========================================================
5. Run Depreciation without period close ***** 2013-04 (APR-13)
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FA_DEPRN_SUMMARY.DEPRN_AMOUNT = -99
Cause
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