EAM: The Asset book does not continue to depreciate beyond Life if a Depreciation Limit Code is specified
Last updated on SEPTEMBER 15, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.1 and later
Information in this document applies to any platform.
If the Depreciation Limit Code for Luxury Vehicles is used the Asset Book ceases to depreciate beyond life.
Add an asset with accumulated depreciation and an in service date where the life ends in current year of conversion with depreciation limit and HY and DX at 200% - e.g. in service date 29 July 2005, transaction date and accounting date = 01 November 2012, and life 60 periods.
Run the depreciation calculation process.
The depreciation does not continue based on the depreciation limits when using the remaining value calculation type
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