Incorrect Depreciation Amount After Backdated Amortized Adjustment With Yearly Prorate Convention
(Doc ID 2195695.1)
Last updated on OCTOBER 26, 2020
Applies to:
Oracle Assets - Version 12.1.3 and laterInformation in this document applies to any platform.
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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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |