EAM: Actual Day Depreciation is not calculated as expected
(Doc ID 657556.1)
Last updated on MAY 19, 2023
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 8.9 and later
Information in this document applies to any platform.
SPECIFIC TO:Enterprise, Global Asset Management
This document was previously published as Customer Connection Solution 201052451
***Checked for relevance on 01-Mar-2017***
The customer calculated the actual day depreciation manually and found it at variance with what is being presented by PeopleSoft. PeopleSoft appears to be calculating AD depreciation as an average amount for the period rather than an actual day amount based on a daily rate, i.e depreciation for January is yearly depreciation / 12, not yearly depreciation / 365 * 31.
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