R11i How Is Depreciation Calculated With Monthly Depreciation Calendar, Daily Prorate And Even Depreciation Distribution?
(Doc ID 343601.1)
Last updated on MAY 25, 2021
Applies to:Oracle Assets - Version 22.214.171.124 and later
Information in this document applies to any platform.
FADEPR - Depreciation
How is depreciation calculated when using a monthly depreciation calendar, a daily prorate, and an even depreciation distribution?
The setup of the depreciation book is as follows:
- Monthly depreciation calendar
- Daily prorate calendar
- Depreciation distribution: Even
The asset is created as follows:
- Date placed in service (DPIS): 15-JAN-2002
- Prorate convention: Daily, Prorate Date: 15-JAN-2002
- Cost: 60000, Depreciation method/life: STL 5 years
- Current open FA period: Jan-02
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