Huge Incorrect Negative Bonus Depreciation Is Calculated When an Amortized Asset Is Added With Prior Fiscal Year Date Placed in Service and Amortization Start Date With Reserve. (Doc ID 2934352.1)

Last updated on MAY 02, 2023

Applies to:

Symptoms

When Adding an amortized asset with prior Fiscal Year Date Paced In Services (DPIS) and amortization start date with a bonus rule and reserve, a huge negative bonus depreciation amount is calculated.

STEPS

The issue can be reproduced at will with the following steps:
1. Fixed asset responsibility
2. Add an asset with a prior fiscal year DPIS with reserve, bonus rule and amortization date in previous fiscal year.
    FA > Assets > Asset Workbench
3. Run the depreciation for the period
    FA > Depreciation > Run depreciation

Changes

Cause

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