R12: Backdated transfer does not transfer depreciation expense for all previous periods to the new depreciation expense account
(Doc ID 2386007.1)
Last updated on NOVEMBER 23, 2020
Applies to:
Oracle Assets - Version 12.1.3 and laterInformation in this document applies to any platform.
Goal
Backdated transfer does not transfer depreciation expense for all previous periods to new depreciation expense account in below scenario:
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1. Create an asset on Dec-2014.
1. On period Jul-15 have been operated a backdated retirement with retirement date = Jan-15, 6 months of depreciation have been moved to new account.(expected)
2. In Mar-18 period have been operated two retirements ( Retirement date 01-Mar and 12-Mar, reserve have been moved from account X to Y and back from Y to X(expected).
3. In Apr-18 period have been operated a backdated retirement with Jan-18 and only one month of depreciation have been moved to the new account(from X to Y).
Expectation is that 3 months of depreciation should be move to the new account ( Jan-18, Feb-18, March-18)
Transfer on March-18 with Transfer date 01-March-18
TRANSFER COST CR 9792.8 Original Distribution
TRANSFER RESERVE DR 6936.55 Original Distribution
TRANSFER COST DR 9792.8 New Distribution (a)
TRANSFER RESERVE CR 6936.55 New Distribution (a)
Transfer on March-18 with Transfer date 12-March-18
TRANSFER COST CR 9792.8 New Distribution (a)
TRANSFER RESERVE DR 6936.55 New Distribution (a)
TRANSFER COST DR 9792.8 New Distribution (b)
TRANSFER RESERVE CR 6936.55 New Distribution (b)
Transfer in April-18 with Transfer date Jan-18
TRANSFER COST CR 9792.8 New Distribution (b)
TRANSFER RESERVE DR 7072.56 New Distribution (b)
TRANSFER COST DR 9792.8 New Distribution (c)
TRANSFER RESERVE CR 7072.56 New Distribution (c)
DEPRECIATION EXPENSE DR -136.01 New Distribution (b)
TRANSFER RESERVE DR -136.01New Distribution (b)
DEPRECIATION EXPENSE DR 136.01 New Distribution (c)
TRANSFER RESERVE DR 136.01 New Distribution (c)
DEPRECIATION EXPENSE DR 0 New Distribution (c)
Solution
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In this Document
Goal |
Solution |
References |