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Incorrect Deprecation on Tax Book (Doc ID 2250096.1)

Last updated on DECEMBER 03, 2019

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 5,535.00

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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