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Wrong Depreciation Calculation — Cloud Customer Connect
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Wrong Depreciation Calculation

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edited Oct 22, 2020 9:59AM in Assets 13 comments

Summary

Wrong Depreciation Calculation

Content

Hello,

If we bought a fixed asset in September in Dominican Republic, the depreciation calculation should start in September. For this reason, the depreciation calculation methods in Oracle do not match the Dominican calculation method we want. We did different experiments in the test environment, but could not find a method to meet this calculation. We clicked on the Amortize flag, but it still wasn't exactly what we wanted.

As you can see in the example calculation below, fixed asset was taken in March 2019. Since the 2020-03 period is open in the test environment, the system must calculate a 12-month depreciation (10 months from 2019 - 2 months from 2020) in total 27.145.54 DOP.

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