EAM: Flat Rate Method Extends Depreciation Roundings Beyond Asset Life
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.
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.
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)
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