Transfer Of Assets Does Not Prorate Depreciation For The Month (Doc ID 297932.1)

Last updated on DECEMBER 05, 2016

Applies to:

Oracle Assets - Version 11.5.10.0 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.

Symptoms

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.

Cause

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