We are implementing FA for France and they have the requirement to calulate the deprciation on daily basis and the depreciation method is Straight Line. we have a slight difference in the calculation of the depreciation amount when the asset is placed in service in the middle of the month.
Asset : 1
Depreciation method: STL(Straight Line)
No. of Years: 1
Date Place in service: 10-JAN-2011
When the depreciation Projection is run for JAN and FEB, it gave me the below reults, FEB-11 is fine but JAN-11 as per my calculations it is coming to 59,14(2,68*22)
Dont understand why there is some difference when compared to oracle depreciation projection, Has anybody faced this issue?? can you please help me in finding the reason??