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EAM:Leased Asset Depreciating for the Entire Scheduled Periods and Calculating Even After the Useful Life of the Asset. (Doc ID 2877260.1)

Last updated on JUNE 21, 2022

Applies to:

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

Symptoms

When calculating the depreciation for an intangible asset, it is expected to calculate the depreciation until the useful life of an Asset.
Instead, it is depreciating for the entire scheduled periods and calculating even after the useful life of an Asset.
It appears that Depreciation Calculation process is not using the Estimated Life or Lease Term value defined on the asset.
Does Asset Depreciation Calculation exclude Estimated Life for calculating Depreciation?

Steps to replicate:

1.  Add an Asset with Lease terms/Estimated Life as ex: 29 periods
     Navigate to Asset Management > Asset Transactions > Leased Assets > Express Add/ Update Lease Information.

2.  Run the Depreciation calculation and check the Depreciation amount:
     Navigation: Asset Management > Depreciation >Review Depreciation Info > Asset Depreciation
     Note: Depreciation is calculated for 36 months instead of 29 months.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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