12.2.5 Depreciation Method Not Defaulting Correctly (Doc ID 2190155.1)

Last updated on OCTOBER 05, 2016

Applies to:

Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
After upgrading from 12.1.3 to 12.2.5 the Depreciation Method is not defaulting as it did in 12.1.3. The expected default values are not being set and users are booking contracts with the incorrect Depreciation.

EXPECTED BEHAVIOR
-----------------------
Expect the defaulting to work as it did in 12.1.3.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Set the Asset Category in Inventory in the Purchasing tab of the Asset Item.
  Application - Inventory
  Items > Master Items
2. Set the Default Depreciation Method in Assets for the Category set in step 1.
  Application - Assets
  Setup > Asset System > Asset Categories
3. Make sure there is a Method defined with Life Years / Months to match your contract Term
  Application - Assets
  Setup > Depreciation > Methods
4. Create a Lease Contract with a Term that matches the confirmed value in step 3.
  For example, if you confirmed that Method STL with Life Months 6, then use Term 6.
5. Add an Asset using the Item in step 1. Upon saving the Depreciation and Life should
  default to match the contract term.
  
BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users are missing this mismatch and booking contracts with the incorrect depreciation method..

Cause

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