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In the Last Year of Life Depreciation Expense Ceiling is Not Considered When Restricting Depreciation Calculation with Expense Ceiling. (Doc ID 2769946.1)

Last updated on APRIL 30, 2021

Applies to:

Oracle Assets - Version 12.2 and later
Information in this document applies to any platform.

Symptoms


ACTUAL BEHAVIOR


In the last year of life depreciation expense ceiling is not considered.

DPIS 30-SEP-2015
STL/60
Cost 50,000
Following Month Convention

Current open period AUG-20

2015: 0.0833333333333333 × 3500 × 3 = 875
2016: 3500
2017: 3500
2018: 3500
2019: 3500
2020: 3500

EXPECTED BEHAVIOR

 Expecting 291.66 * 9 = 2624.99 and not 3500 for year 2020

STEPS

The issue can be reproduced at will with the following steps:

1.Setup the Deprn Ceiling for a year 3500

    FA > Setup > Depreciation >Ceilings

2. Add an asset with this ceiling through Asset Workbench form

    FA > Assets > Asset > Workbench form

3. Run depreciation for Aug-20

  FA > Depreciation > Run Depreciation

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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