Transfer Of Assets Does Not Prorate Depreciation For The Month
(Doc ID 297932.1)
Last updated on APRIL 16, 2018
Applies to:Oracle Assets - Version 126.96.36.199 to 12.2.5 [Release 11.5 to 12.2]
Information in this document applies to any platform.
This problem can occur on any platform.
An asset is transferred mid-month from one cost center to another, or from one natural account to another natural account. When transferring an asset at a point in time which is not the beginning or end of a month, there is an expectation that the depreciation charge in the month of transfer be prorated between the distributions according to the period of possession in the month.
Example: If the transfer occurs 10-JAN-2015, the expectation is that for this month, if the monthly depreciation expense is $1000, then 10/31 * 1000 should be charged to the original distribution, 21/31 * 1000 should be charged to the new distribution. Instead, there is a full month of depreciation charged to the new distribution, regardless of whether the prorate convention is Month, Mid-Month, or Daily.
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