Incorrect Depreciation Amount After Backdated Amortized Adjustment With Yearly Prorate Convention (Doc ID 2195695.1)

Last updated on OCTOBER 26, 2020

Applies to:

Symptoms

ACTUAL BEHAVIOR
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The depreciation calculation is incorrect after amortized adjustment for assets having yearly prorate convention

EXPECTED BEHAVIOR
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Expect that depreciation calculation has to be correct after amortized adjustment

STEPS
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The issue can be reproduced at will with the following steps:
1. Perform amortized life change transaction
2. then adjusted cost calculated by application is incorrect which results in incorrect depreciation expense

Changes

Cause

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