Older Assets with Back-Dated Date Placed in Service have Negative Net Book Value (NBV) at Last Period Of Life
(Doc ID 2759672.1)
Last updated on AUGUST 23, 2021
Applies to:Oracle Assets - Version 12.0.4 and later
Information in this document applies to any platform.
Find some older assets which were both back-dated at addition and created years ago without any activity since the addition, are presented with Negative Net Book Value (NBV) at last period of life.
Ex. Asset has life complete this period(Ie Life is 3yrs. Asset Added in Jan18 and is at end of life at Dec20)
Final depreciation results as:
Accumulated Depreciation 11,000
Here Depreciation is > Cost
Accumulated Depreciation should not exceed Cost and thus NBV = 0 at end of life.
The issue can be reproduced at will with the following steps:
In Oracle Assets
1. M: Mass Additions>Post Mass Addition has created the asset with back-dated date placed in service
*back-dated = date before open period.
2. For this period of addition, through to end of life the depreciation has been ran via M: Depreciation > Run Depreciation but no other transaction have been performed to the asset.
3. In last period of life, find the asset has negative NBV
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