Asset Net Book Value (NBV) Greater Than Zero (0) for Asset with Straight Line Method (STL) 1 Month Life and Daily Prorate
Last updated on JULY 28, 2017
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Asset is not fully reserved in the period of addition when the depreciation method is STL (Straight Line Method) and the asset life is 1 month and the prorate calendar is Daily witha prorate convention that is start of the month.
Expect the asset to be fully reserved in the period of addition in such setup.
The issue can be reproduced at will with the following steps:
1. Create asset with depreciation method is STL and the asset life is 1 month and the prorate calendar is Daily and prorate convention is start of the month.
2. Run Depreciation.
3. Found the NBV(Net Book Value) > 0 while expecting the asset to be fully depreciated.
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