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How to set up a custom depreciation formula for Australia Diminishing Value

in Assets 2 comments

Summary:

Set up Australia Depreciation Formula

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We are trying to use the Australia Diminishing Value depreciation method, and set up a formula. The system gives no errors on the formula, but the results are incorrect. The formula we input is:  (<NBV>* <DH/365>)*((200/(<AL>/12)/100). Oracle support said that the variables are incorrect, and we can only use what is offered in the formula box, but there aren't the correct variables available there. I am attaching a screenshot of the LOV.

Any help in setting up the correct formula would be very appreciated. Thank you very much.

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

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