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EAM: CIP Assets Calculating Negative Depreciation - Depreciation Reversed On Cost Adjustment To Non_Depreciable Category  (Doc ID 2549992.1)

Last updated on JUNE 03, 2019

Applies to:

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

Symptoms

After recategorizing an asset from non-depreciable to depreciable after posting an adjustment to the non-depreciable category with a later trans date than the RCT, the adjustment is backed out in the non-depreciable category.

Steps:

1. Asset created as Non-Depreciable (trans date 12/31/2016).
2. One year later, cost adjust the asset up $100,000 (trans date 3/16/2017).
3. After cost adjust, recategorize the the asset to Depreciable (trans date 12/31/2016).
4. Asset Book Information to update useful life from 1 month to 468 months (trans date 12/31/2016).

Cause

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In this Document
Symptoms
Cause
Solution


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