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How Is Depreciation Calculated For Straight Line (STL) Depreciation Method And Daily Prorate Calendar? (Doc ID 377505.1)

Last updated on APRIL 19, 2024

Applies to:

Oracle Assets - Version 11.5.10.0 and later
Information in this document applies to any platform.
FADEPR - Depreciation

Goal

How is depreciation calculated for an asset with an amortization start date in the current open period and a backdated Date Placed In Services (DPIS), with a daily prorate calendar?

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

Solution

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In this Document
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