Asset does not Resume Depreciating after a Flat Rate Method Change Causes the Asset to no Longer be Fully Reserved. (Doc ID 2034638.1)

Last updated on MARCH 08, 2017

Applies to:

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

Symptoms


ACTUAL BEHAVIOR
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Asset does not resume depreciating after FLAT RATE method is changed so that the asset is no longer FULLY RESERVED.

EXPECTED BEHAVIOR
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Asset depreciation should be calculated in periods following FLAT RATE method change if there is remaining NBV.

STEPS
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The issue can be reproduced at will with the following steps:
1. Add asset with 10% FLAT RATE method.
2. Run depreciation for 5 years.
3. Change method to FLAT RATE 20%. Depreciation adjustment is calculated (correctly) causing asset to be FULLY RESERVED.
4. In the next period change method back to FLAT RATE 10%. Depreciation adjustment is calculated (correctly) reversing prior period adjustment so that asset is no longer Fully Reserved.
5. Depreciation runs in subsequent periods do not calculate any depreciation.


Cause

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