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