Cost Is Calculated Incorrectly After Performing Retirement And Adjusting Cost with Backdate (Doc ID 2015950.1)

Last updated on MARCH 15, 2023

Applies to:

Oracle Assets - Version 12.1 and later
Information in this document applies to any platform.

Symptoms

Cost is calculated incorrectly after performing retirement and adjusting cost with backdate.

Steps to Reproduce
1. 2015-05 *** Addition

    Cost                       : 234060
    YTD depreciation           : 0
    Accumulated depreciation   : 0
    Date in Service            : 01-MAY-2015
    Depreciation method        : JP-STL 5YR
    Salvage value              : 0
    Depreciation limit amount : 1

2. 2015-06 *** Partial retirement & Calculate Gains and Losses

    Date Retired        : 02-MAY-2015 *Not the beginning of the period.
    Cost Retired        : 50000
    Prorate Convention : *Current Month

3. 2015-08 *** Adjusting Cost to 684060 from 184060 with backdate

    Cost                       : 184060 -> 684060
    Amortized flag             : Yes
    Amortization start date    : 01-JUN-2015 <--- backdate

4. 2015-08 *** After adjustment

    Cost                       : 734060   <--- Incorrect
    YTD depreciation           : 28369
    Accumulated depreciation   : 28369
    Date in Service            : 01-MAY-2015
    Depreciation method        : JP-STL 5YR
    Salvage value              : 0
    Depreciation limit amount : 1

Current Behaivor
Cost becomes the sum of the current cost, the adjustment cost and the retirement cost as below:

Cost = Current cost + Adjustment cost + Retirement cost
= 184060 + 500000 + 50000
= 734060

Expected Behaivor
Cost shoud be 684060, instead of 734060

NOTE:
This issue is Not reproduced when Date Retired is the beginning of the period.
Ex) When Date Retired is 01-MAY-2015, this issue can not be reproduced.