First month depreciation using monthly depreciation calendar and daily prorate convention
in Assets
There are assets added in the current period but first month depreciation is calculated inaccurately and second month onwards its as per the cost/life.
E.g. Asset Cost: 1453150.58
Life: 5 Years
DPIS: 01-Oct-25
Depreciation Calendar : Monthly (12 months)
Prorate Calendar : Daily
Oct-25 Depreciation is calculated as $24816.36 and Nov-25 Depreciation is calculated as $24219.18
I want to know how Oracle came up with the Oct-25 depreciation value.
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