EAM9.2:With Asset Cost Adjustment for Mid Month Convention, The System Does Not Take The Net Book Value to Spread Over The Remaining Life.
(Doc ID 2730762.1)
Last updated on NOVEMBER 24, 2020
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
When Asset cost adjustment is performed with mid-month convention, the system does not take the net book value to spread over the remaining life.
Instead, it takes the half of what it used to be, and takes another half of new net book value over the remaining life.
It is understood what the half of month is for the Mid Month, but why it still accounts for the half of the depreciation based on the old cost?
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