Daily Depreciation is not Calculated During Retirement
(Doc ID 2664007.1)
Last updated on JUNE 17, 2022
Applies to:
Oracle Assets - Version 12.2.7 and laterInformation in this document applies to any platform.
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NOTE: In the images.examples above or below and/or the attached document, configuration or user details / company name / address / email / telephone number represent a fictitious sample (based upon made up data used in the Oracle Demo Vision instance). Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.
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NOTE: In the images.examples above or below and/or the attached document, configuration or user details / company name / address / email / telephone number represent a fictitious sample (based upon made up data used in the Oracle Demo Vision instance). Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.
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Symptoms
Daily Depreciation is not calculated during Retirement. As the book has been defined with a daily prorate convention, it is expected depreciation to be taken accordingly in the period of retirement.
Create an asset with DPIS 01-MAR-2020
Retire this asset on 10-MAR-2020
Depreciation calendar - Monthly, Calculation basis set at book level is Daily.
Prorate and retirement convention - Daily convention.
It is expected that the above scenario would have 9 days of depreciation for the asset.
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |