Incorrect Deprecation on Tax Book
Last updated on APRIL 04, 2017
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Asset with below setup is not receiving depreciation as expected:
Date Placed in Service on 08-FEB-17
Prorate Convention is HALF YEAR
Depreciation Start Date : 08-Feb-2017
Method = WDV
Adjusted Rate: .6
Salvage Value 0
Prorate calendar = Monthly
Original Cost 5535.
Monthly depreciation for March 2017 was 968.63, How is the calculation and the reason for this depreciation amount in MAR-2017 ?
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