My Oracle Support Banner

ELA: Calculation Of Accelerated Depreciation On Leases (Doc ID 2487131.1)

Last updated on JANUARY 14, 2020

Applies to:

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

Symptoms

On : 9.2 version, 2.4 Lease Maintenance

ACTUAL BEHAVIOR
---------------
Leases - Accelerated Depreciation issue

Accelerated depreciation is not working as expected.
As per expectation/rule depreciation term should change as -
- If it is an operating lease – always take lease term
- For Finance Lease, take the shorter of useful life or lease term (if both are the same any of them can be taken )

Current behavior of system is based on lease term alone.

EXPECTED BEHAVIOR
-----------------------
Accelerated depreciation should be calculated correctly.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
Accelerated depreciation is not working as expected.
As per expectation/rule depreciation term should change as -
- If it is an operating lease – always take lease term
- For Finance Lease, take the shorter of useful life or lease term (if both are the same any of them can be taken )


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have correct accelerated depreciation on leases.

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.