EAM: The Depreciation Is Not Calculated if the In Service Date Is Prior to the Transaction Date and the Asset Has a Useful Life Shorter Than the Periods Between the In Service Date and the Transaction Date
(Doc ID 2969554.1)
Last updated on AUGUST 23, 2023
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
The Depreciation is not calculated if the In Service Date is Prior to the Transaction Date and the Asset has a Useful Life shorter than the periods between the In Service Date and the Transaction Date.
The issue can be reproduced at will with the following steps:
1. Create a Generic Asset with the following details:
Transaction Date / Accounting Date: 06/21/2023
In Service Date: 12/31/2018
Useful Life: 30(Periods)
Navigation: Asset Management > Asset Transactions > Owned Assets > Express Add
2. Calculate the Depreciation
Navigation: Asset Management > Depreciation > Processing > Calculate Depreciation
3. Review the Depreciation Entries
Navigation: Asset Management > Depreciation > Review Depreciation Info > Asset Depreciation
Detailed DEMO Replication Steps Attached
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