R12 Backdated Asset Retirement Does Not Adjust Depreciation Amount When Using Daily Prorate Calendar

(Doc ID 1902145.1)

Last updated on JUNE 21, 2017

Applies to:

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

Symptoms

On 12.1.3 version,

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

Example
==========
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.

 

Changes

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.

Cause

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms