Depreciation Calculation For The Last But One Month Of Asset Is Double The Normal Depreciation (Doc ID 1949467.1)

Last updated on NOVEMBER 03, 2016

Applies to:

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

Goal

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
Dec-14 pending.
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?
 

Solution

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