Fixed Assets - EBS (MOSC)

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Depreciation Calculation when asset life in Web ADI file differs from life in Asset Catgeory

edited Sep 15, 2011 1:38AM in Fixed Assets - EBS (MOSC) 1 commentAnswered
Dear all

We are on Oracle Release 12.1.2

Consider example of asset ABCD belonging to category Equipment, asset life as per asset category is 42 Years 0 Months

We loaded asset through Web ADI and mentioned asset life in Web ADI file as 15 Years 6 Months

System has not considered 15 Years 6 Months when asset was posted through Mass Additions, asset life has been populated as 42 Years 0 Months, also depreciation has been calculated based on 42 Years 0 Months

Our question is why Oracle Assets does not consider asset life given in Web ADI when depreciation method of 15 Years 6 Months is available, why it considered only life as per asset category

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