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R11i How Is Depreciation Calculated With Monthly Depreciation Calendar, Daily Prorate And Even Depreciation Distribution? (Doc ID 343601.1)

Last updated on FEBRUARY 07, 2024

Applies to:

Oracle Assets - Version 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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