EAM: Asset Depreciates Beyond Its Life when Using the HY Convention.
Last updated on DECEMBER 13, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
When converting assets with accum, the resulting depreciation calculation is incorrect.
It was noted that the remaining life is calculated incorrectly. It is 1 period more than expected.
Therefore, the depreciation is incorrect. The depreciation is 1 period beyond the life of the asset.
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