EAM: When adding accumulated depreciation, how is depreciation in the period in which the accum was added calculated?
(Doc ID 1062068.1)
Last updated on JULY 22, 2020
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 8.8 to 9.2 [Release 8.8 to 9]
Information in this document applies to any platform.
***Checked for relevance on 18-Feb-2013***
***Checked for relevance on 01-Sep-2017***
When adding accumulated depreciation, depreciation was removed in the period in which the accum was added. How is this amount calculated and what does it represent?
Expect to be able to add accumulated depreciation and to either not have depreciation removed or to have a predictable amount of depreciation removed.
This issue can be replicated by performing the following steps:
1) Create an asset.
2) Enter accumulated depreciation for the last period of the 1st year of depreciation.
3) Calculate the depreciation.
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