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.


On : 12.1.3 version, India FA Localizations

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.

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

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.

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


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