EAM:AMSEC101 bypasses BKS (Book Adjustment) Transactions
(Doc ID 1328729.1)
Last updated on MARCH 20, 2018
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 8.9 and later
Information in this document applies to any platform.
***Checked for relevance on 17-JAN-2013***
After the Retroactive Bonus process AMSEC101 ran against assets which contained a prior BKS (Book adjustment) transaction, depreciation was overstated in 2010 and subsequent years were not according to the schedule.
Because of this bonus depreciation amounts to report to the IRS are incorrect.
However, assets with AM convention and SL method and no prior BKS transaction are correct.
Expected 60% of original cost in the 1st year.
Got over 60% in the first year
Steps to replicate:
1. Add an asset with trans/acctg dates 8/9/2010, in service date 7/15/2010, cost $1034.57, convention HY, life 60, method DX 200%
2. Did a BKS with dates 9/15/2010, changing the calc type to Life to date.
3. Ran AM_DEPR_CALC.
4. Ran AMSEC101:
a. profile NEW_ASSET, book Federal, Depr Bonus Small Bus. Jobs, percent 50, option extract/report
b. Prepare for depreciation
5. Ran AM_DEPR_CALC
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