My Oracle Support Banner

EAM: Flat Rate Method Extends Depreciation Roundings Beyond Asset Life (Doc ID 2348797.1)

Last updated on JANUARY 15, 2018

Applies to:

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

Symptoms

Depreciation calculation for Flat Rate method sometimes gives small rounding values in the next period beyond assets life.
Expected result is that small rounding values should remain in the same year, added to the last period of assets life.

STEPS:

1. Configure a Profile with Flat Rate method in all books (Setid: NLD01/AUTO).
2. Create an asset using Express add.
3. Run Depreciation.
4. Depreciation plan extended to 5th year in some books, but should end in 2020 (25% yearly depreciation, so 4 years)

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.