Determining amount of depreciation when Oracle "catches up" depreciation
Oracle puts all prior depreciation expense in the current period when an "old" asset is created. For example, a $5000 asset created on Jan 1st 2011 but which has a date placed in service date of Jan 1 2006 with S-L depreciation method and life of 10 years( i.e. depreciation expense of 500 per year) would have $2500 depreciation expense put in the month of Jan 2011.
Question: Is there a report, etc. that shows of the $2500 depreciation expense put in the current year, which part actually relates to the current year - i.e. $500?
Thanks,
Kelly
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