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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.

Goal

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

Expectation is:

Cost 630 * rate .20 /period per year 12 = 10.5

 

Solution

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