EAM: Asset Depreciates Beyond Its Life when Using the HY Convention. (Doc ID 2213805.1)

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.

Goal

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.
 

Solution

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