The Revaluation Amortization Amount is not as Expected After a Backdated Change to the Asset Life.
(Doc ID 2060043.1)
Last updated on MARCH 22, 2019
Applies to:Oracle Assets - Version 188.8.131.52 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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