Unexpected Calculation Of Depreciation Amount Using Following Month Convention
(Doc ID 1931435.1)
Last updated on FEBRUARY 09, 2018
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Depreciation calculation give an unexpected amount:
Asset cost = 630
Depreciation method = flat
Rate = 20%
Date in Service = 30-06-2014
Prorate rate = 01-07-2014
System Depreciation Amount for Jul-14 = 9.6
Cost 630 * rate .20 /period per year 12 = 10.5
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