When Running Depreciation 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 MAY 11, 2021
Applies to:Oracle Assets - Version 12.2 and later
Information in this document applies to any platform.
In the last year of life depreciation expense ceiling is not considered.
Following Month Convention
Current open period AUG-20
2015: 0.0833333333333333 × 3500 × 3 = 875
Expecting 291.66 * 9 = 2624.99 and not 3500 for year 2020
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
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