AMDPCALC CREATE INCORRECT DEPR AFTER LIFE CHANGE WITH HY CONVENTION AND USE JUL-JUN CALENDAR (Doc ID 2175203.1)

Last updated on AUGUST 23, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.

Goal

On : 9.2 version, Depreciation

Depreciation Not Calculating Correctly after Useful Life Changed on Book Page

At the end of each Fiscal Year, one of our state agencies adds a software asset. Per Profile on the book, the Useful Life defaults as 12 periods. The agency overrides that value on the Book Page of Basic Add to 60. Depreciation has calculated correctly in the past for this type of asset, but now it's accelerating the first year by a lot. I'm not sure why that is happening. It seems to take the entire cost divided by 12 (the original useful life) and take that *5 for the PDP entry according to the Half Year convention. But depreciation should recalculate correctly after the useful life is updated on the Book Page and it's not.

I did find where if you change the Useful Life and Life in Years fields on the Depreciation Information tab of Express Add before saving the asset in Express Add, depreciation calculates correctly.

Replications steps
 

Solution

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