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EAM: The Depreciation Is Calculated Incorrectly After Two Book (Life) Adjustments and Two Cost Adjustment Transactions. (Doc ID 2816847.1)

Last updated on NOVEMBER 02, 2021

Applies to:

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

Symptoms

The Depreciation Is Not Adjusted in the Correct Period After Two Book (Life) Adjustments and Two Cost Adjustments.


The issue can be reproduced at will with the following steps:

1. Add an asset with cost 3649736.75, trans date 1/1/2019 Acctg Date 29/03/2019
Navigation: Asset Management > Asset Transactions > Owned Assets > Express Add
2. Calculate the Depreciation
Navigation: Asset Management > Depreciation > Processing > Calculate Depreciation
3. Book life change from 21 periods to 14 periods with trans date 1/1/2019, Acctg Date 29/03/2019
Navigation: Asset Management > Asset Transactions > Asset Book Information > Define Tax/Depr Criteria
4. Calculate the Depreciation
5. Book Life change from 14 periods to 38 periods with trans date 1/2/2020, Acctg Date 16/11/2020
Navigation: Asset Management > Asset Transactions > Asset Book Information > Define Tax/Depr Criteria
6. Cost ADJ to add cost 5536203.14 with trans date 1/2/2020, Acctg Date 16/11/2020
Navigation: Asset Management > Asset Transactions > Financial Transactions > Cost Adjust/Transfer Asset
7. Calculate the Depreciation
8. Cost ADJ to reduce cost by -141959.7 with trans date 1/2/2021, Acctg Date 28/04/2021
9. Calculate the Depreciation and review the Depreciation Entries

 

Detailed DEMO Replication Steps Attached

Cause

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In this Document
Symptoms
Cause
Solution
References


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