EAM:AMSEC101 bypasses BKS (Book Adjustment) Transactions (Doc ID 1328729.1)

Last updated on SEPTEMBER 15, 2016

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***

Symptoms


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.

Business impact:
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 Results:
Expected 60% of original cost in the 1st year.

Actual results:
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

Cause

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