The Revaluation Amortization Amount is not as Expected After a Backdated Change to the Asset Life.
Last updated on MARCH 08, 2017
Applies to:Oracle Assets - Version 184.108.40.206 and later
Information in this document applies to any platform.
When a backdated life adjustment is entered on a revalued asset, the new revaluation amortization amount, for the current and future periods, is not correctly calculated.
Also,there is no revaluation amortization adjustment amount calculated, as is seen in the case of the depreciation expense, to catch up the different amount of revaluation amortization which should have been taken from the backdated date of the life adjustment, up to the current period.
This results in under-charged revaluation amortization during the asset's life.
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