How To Calculate Depreciation Using Daily Prorate, Monthly Depreciation Calendar And Even Allocation?
(Doc ID 952943.1)
Last updated on JUNE 07, 2021
Applies to:Oracle Assets - Version 188.8.131.52 and later
Information in this document applies to any platform.
How to calculate the depreciation of an asset with the following sample parameters:
Daily Prorate Calendar
Monthly Depreciation Calendar
Divide Depreciation Flag = E
Current period is JAN-2009 (the first period of the current fiscal year)
Fiscal Year is January to December
Asset's DPIS and Prorate Date are 1/31/09
Cost is $50000
Depreciation Rate 40%
Asset is added without reserve
Depreciation Method = Flat NBV method with Use Fiscal Year Beginning Basis
Profile FA: Enabled Depreciable Basis Formula is set to Yes at Assets application level
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