How Is Depreciation Calculated For STL Method With Life Less Than One Year, Daily Prorate Calendar, Following-Month Convention And By Days?
Last updated on MARCH 07, 2017
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?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms