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Unexpected Calculation Of Depreciation Amount Using Following Month Convention (Doc ID 1931435.1)

Last updated on JULY 18, 2019

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.


NOTE: In the images.examples above or below and/or the attached document, user details / company name / address / email / telephone number represent a fictitious sample (based upon made up data used in the Oracle Demo Vision instance). Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.


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



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