EAM: Net Book Value (NBV) is negative after Asset Cost is adjusted to zero using the LD Depreciation Convention

(Doc ID 2104803.1)

Last updated on SEPTEMBER 14, 2017

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

When Asset Cost is adjusted to zero using the Life to Date (LD) Convention, the depreciation calculation results in negative Net Book Value (NBV) and the period depreciation amounts are all negative.

Steps to replicate:
1) Add an Asset.
2) Run the Depreciation Calculation process.
3) Adjust the Asset's Cost to zero, specifying the LD (Life to Date) Convention.
4) Run the Depreciation Calculation process.
5) Review the depreciation and NBV calculated by the Adjustment transaction.
        Expected results: Cost and Depreciation should be 0.
        Actual results: Cost is 0, but Depreciation is negative.

Cause

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