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

Last updated on FEBRUARY 19, 2019

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.

Cause

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In this Document
Symptoms
Cause
Solution
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps
References


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