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ELA: How Is the Present Value Calculated when Extending a Lease? (Doc ID 2799182.1)

Last updated on JUNE 17, 2022

Applies to:

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

Goal

When a lease is extended after the lease expires, why is the Present Value recalculated?
A lease expired on 1/31/2020. It is extended on 2/1/2020. It appears there are two present values, one for 2/1/2018 to 1/31/2020 and then from 2/1/2020-1/31/2024.
Why wouldn't the PV calculated back to 2/1/2018?
 

Solution

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Goal
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