How Is Depreciation Calculated For Straight Line (STL) Depreciation Method And Daily Prorate Calendar?
Last updated on JULY 28, 2017
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 for an asset with an amortization start date in the current open period and a backdated DPIS, with a daily prorate?
The setup of the depreciation book is as follows:
- Daily prorate calendar
- Monthly depreciation calendar
- Divide Depreciation : Evenly
The asset information:
Date placed in service (DPIS) : 14-Nov-2003
Amortize Start Date = 30-Apr-2006
Amortize Flag = Y
Cost : 1,020,000.00
Accumulated Depreciation : 0.00
Salvage Value: 112500.00
Life = 40 Years
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