Depreciation Calculation For The Last But One Month Of Asset Is Double The Normal Depreciation
Last updated on APRIL 09, 2018
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Asset placed in service on 31-Dec-2011 has 3 years life.
The Depreciation Method is STL and Prorate Convention is "END-MONTH" which is a month to month convention,
e.g. From 01-Jan-2011 To 31-Jan-2011, Prorate Date 31-Jan-2011 and so on for all months.
Original Cost -3754.47. Monthly depreciation upto Oct-14 was 104.29 but the depreciation for Nov-14 is double - 208.60 whereas there is still 1 more month of
Is it that for monthly prorate conventions, there is no depreciation charged for last month???
How is the calculation and the reason for this double depreciation amount in Nov-14?
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