0 Replies Latest reply on Mar 22, 2011 4:00 PM by user12031421

    DAILY PRORATE CONVENTION

    user12031421
      Hello

      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.

      Example

      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??

      JAN-11 58.68
      FEB-11 83.33

      Thanks
      Kavitha