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Question : Depreciation calc using Schedules limited to 360 periods ?

edited Oct 19, 2011 10:18AM in Asset Lifecycle Management - PSFT (MOSC) 1 commentAnswered
Hi all,

 

I have created a depreciation schedule (492 periods ie 41 years) but when depreciation is calculated, only maximum 360 periods are calculated for. As a result, the monthly depreciation amount calculated is incorrect. I have re-created using the same details in ver 9.1 and the system calculates the full 41 years depreciation correctly.

 

Is there such a maximum depreciation period limit of 360 periods, if using depreciation schedule for ver 9.0 ?

 

I have ensured that all the calendar tables and calendar convention tables are created from 1950 to 2150 so that it covers the periods of the asset life.

 

Asset details :

Trans Date – 2011-Jul-01

Acctg Date – 2011-Jul-01

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