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R12 Backdated Asset Retirement Does Not Adjust Depreciation Amount When Using Daily Prorate Calendar (Doc ID 1902145.1)

Last updated on MARCH 09, 2021

Applies to:

Oracle Assets - Version 12.1.1 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.


On 12.1.3 version,

Find that Backdated asset retirement is calculating unexpected depreciation amount when using Daily Prorate Calendar.

Setup is Monthly Depreciation, with Daily Prorate and Daily allocation.

Current Asset has open Period Dec-13-14
Date Of retirement : 28-Nov-2013
Open cost of the Asset as of 01-Apr-2013 :  166050

Depreciation opening as on 01-Apr-2013 : 47858.79

WDV as on 01-APR-2014 = 166050 - 47858.79 = 118191.21

No of days : 28-Nov-2013 - 01-Apr-2013 = 241

Depreciation Rate = 40%

Depreciation during the Yr. = 118191.21*241/365*40/100 = 31215.4319

As per system calculation : 31556.22

Difference : 340.788

Steps to Reproduce
1. Retire asset with backdated retirement date in daily prorate setup.
2. Run Calculate Gains & Losses.



The following patches were applied:

Patch 18709230:R12.FA.B
This will supply latest version fagupdb.pls 120.79.12010000.71
Patch 11894044:R12.FA.B
Patch 17080568:R12.FA.B

But, issue still persists.


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