How Is Depreciation Calculated For STL Method With Life Less Than One Year, Daily Prorate Calendar, Following-Month Convention And By Days?
(Doc ID 980985.1)
Last updated on JULY 12, 2019
Applies to:Oracle Assets - Version 126.96.36.199 and later
Information in this document applies to any platform.
Under following scenario:
Following month convention, deprn start date: 01-NOV-2009
Depreciate when placed in service: No (but that should not matter as method is STL)
STL, Life in months: 2
Based on <Note.578762.1> the calculation would be:
Cost 66666.67 / (1/12)=0.166666667 =400000.02 / 365 * 30 days = 32876.71
Even if we take 31 days we only get 33972.60, but the system calculated 33515.98
How did the system calculate the 33515.98 depreciation for November 2009?
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