How Is Depreciation Calculated For Straight Line (STL) Method With Life Less Than One Year, Daily Prorate Calendar and By Days Depreciation Allocation?
(Doc ID 578762.1)
Last updated on MAY 25, 2020
Applies to:Oracle Assets - Version 188.8.131.52 and later
Information in this document applies to any platform.
FADEPR - Depreciation
How does Oracle Assets calculate the depreciation of an asset with the following setup?
The setup of the depreciation book is as follows:
- Monthly depreciation calendar
- Daily prorate calendar with 365 periods
- Depreciation Allocation : By Days
The Asset is added with a Date Placed in Service (DPIS) in the current period: 10-JUL-2008
Prorate convention: Daily with Prorate Date = 10-JUL-2008
Cost : 1000
Depreciation Method : STL
Life = 2 Months
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