EAM9.2: Net Book Value (NBV) is shown as a Negative Value on 'Review Depreciation Info' > 'Asset Depreciation' Page, even if Asset Cost and Accumulated Depreciation Values are Same for a Period
(Doc ID 2727443.1)
Last updated on JANUARY 25, 2021
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
On 'Review Depreciation Info' > 'Asset Depreciation' page Net Book Value (NBV) is shown as a negative value e.g. -0.01 even if Asset cost and accumulated depreciation values are same. It's expected that NBV should show as zero.
Steps to Replicate:
- Add an asset with life 36 periods, calculation type Remaining value, depreciation method Straight Line.
- Calculate depreciation.
- Perform an adjustment to reduce asset cost with same date as that of asset ADD transaction date. Calculate depreciation.
- Perform another adjustment on a later date to completely take out the cost of Asset. Calculate depreciation.
- On 'Review Depreciation Info' > 'Asset Depreciation' page, check Net Book Value (NBV) for any period after the last cost Adjustment.
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