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

CIP Asset does not display zero depreciation each month

Received Response
41
Views
3
Comments
edited Feb 7, 2024 8:01AM in Assets 3 comments

Summary:

Upon running depreciation for Asset Type "CIP", it has been noted that the Depreciation Period of some months are missing on the Asset.

Content (please ensure you mask any confidential information):

When conducting depreciation for Asset Type "CIP", it was discovered that the Depreciation Periods of several months was missing from the Asset. This problem was encountered on multiple CIP assets.

Please refer to the attached screenshot. The asset 524006 was put in service on 01/09/23.

Sep-23 depreciation is displayed, but Oct-23 to Dec-23 are missing. However, the depreciation for Jan-24 is available. Each month, the "Calculate Depreciation" job is executed. The process was executed in Oct-23, Nov-23, and Dec-23 as well but their depreciation periods are not visible on the asset.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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