EAM: Leased Asset "Calculate" changes the Cost when a Fair Value Amount is entered
Last updated on SEPTEMBER 15, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
When a Leased Asset is entered with Minimum Rental Payment = 0.00, an amount in fair Value, and an amount in Cost, clicking on "Calculate" changes the Cost amount
The cost is not changed if the Fair Value is zero.
Steps (in the demo database):
1. Add a Leased Asset through Lease Express Add
Profile = LEASED EQT
Transaction Date = today's date
Accounting Date = today's date
Supplier = USA0000001
Lease Term = 48
Life = 48
Interest Rate = 5%
Payment Schedule = General
MRP = 0
Fair Value = 10,000.00
Cost = 10,000.00
2. Click on "Calculate".
3. Review the Cost amount.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms