Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Depreciation rounding logic — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Depreciation rounding logic

Accepted answer
13
Views
1
Comments

Summary:

I am looking to understand how depreciation rounding works and if there is a way to setup a specific number of decimals

Content (required):

We noticed a slight difference between the depreciation calculated manually using 2 decimals vs what oracle calculates (the initial input and end result also having 2 decimals. Is it right to assume that the system calculates the depreciation using multiple decimals behind the scenes, then cuts it off to 2 decimals and displays it on the asset?

If so, is there any way to force it to use only 2 decimals in all depreciation calculations?

Version (include the version you are using, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!