Accumulated Depreciation Is Incorrectly Calculated By The System in Period of Addition
Last updated on FEBRUARY 12, 2018
Applies to:Oracle Assets - Version 126.96.36.199 and later
Information in this document applies to any platform.
Why is the expected reserve not there for an asset added with back-date DPIS and reserve entered at addition?
Asset Cost: 375000
DPIS 01-SEP-2007 00:00:00
Initial Life was 72 period but was updated in Period of addition (period 24145 = Jul-12) 80
Prorate: same month
Expected Monthly Expense = $375999 / 80periods = $4687,50
End of life = 01-SEP-2007 + 80 periods =
2007: 4 periods active
full year each:
2014: End of life = 30-APR-2014
In period 24164 FEB-14, after 78 periods, reserve shown is: $293749.8, but $365624 (or 78 X $4687,50) was expected.
Why the variance?
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