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Wrong Calculation Of IT Depreciation (Doc ID 2092703.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Financials for India - Version 12.1.3 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, India FA Localizations

ACTUAL BEHAVIOR
---------------
When India - Depreciation Detail Report is run , it is showing wrong calculation i.e.
it is calculating 100% depreciation for assets put to use in the 2nd half of IT Year which are less than 180 days.

EXPECTED BEHAVIOR
-----------------------
For Assets that are put to depreciation  it should calculate only 50% .

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Define the Block of Assets.

2. Retire the Asset and run the concurrents :-

   a. India - Depreciation Detail Report

   b. India - Income Tax Fixed Asset Details Report

3. Observed that in India - Depreciation detail report it is not calculating 50 % depreciation.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot get the correct depreciation details.

Cause

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In this Document
Symptoms
Cause
Solution
References


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