ER: Daily Depreciation to be Calculated by Days without Consideration to Annual Amounts
(Doc ID 1952017.1)
Last updated on AUGUST 28, 2020
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Current daily depreciation using divide by days book setup uses:
COST / Life in Years = Annual Rate / Days In Current Fiscal Year = Daily Rate to Use for Current Fiscal Year
That Daily Rate is then taken agains the days in the month to derive the periodic amount. As Fiscal Year number of days changes so too does the daily rate.
Expectation is to see a more flat rate approach that does not consider life in year or annual depreciation at all: COST/ LIFE IN DAYS = Daily Rate. The same daily rate is used for every month of the asset life. It won't change when the days in fiscal year flutuate.
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