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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 19, 2019

Applies to:

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


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

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

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.


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