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Adjusting Asset Depreciation monthly

edited Feb 10, 2023 10:15PM in Assets


I'm looking for a better alternative to doing monthly adjustments to financial details of assets


We have assets recently moved from a legacy system into Oracle and Oracle doesn't have any of their history of changes in cost, life in months or any other adjustments.  Consequently the monthly depreciation amount between the legacy system and Oracle is different.  

For example, let's say we have a $1,000,000 building, 480 life in months, STL method and In Service Date 1/1/06.  Oracle and legacy system will depreciate at $2,083.33. However, in legacy system there was a cost addition of $100,000 on 1/1/11, so the legacy systems' new depreciation amount is $2,321.43

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