Asset Data Migration: Accumulated Depreciation

Hi, I am working on the PeopleSoft FSCM 9.1 implementation project for a customer (a big european bank) and I have to perform the asset data migration. All these assets have a “historical cost” and an “accumulated depreciation”. For example, “Asset 001” has a Historical Cost = 5000 and Accumulated Depreciation = 1000. We want to consider the whole historical cost to calculate the depreciation for these assets; the “Life To Date” calculation type seems to support this requirement. In our example, “Asset 001” has to be depreciated with a “Straight line percent” method (20%); that means that every month the depreciation amount will be: Historical Cost * 20% / 12 = 5000 * 20% / 12 = 83,3333333 Since the Accumulated Depreciation is 1000, I expect the asset to be fully depreciated in (5000-1000)/83,333333 = 48 months, starting on the Accounting Date. That means that I expect the asset remaining value to be depreciated according to depreciation amounts calculated on the whole historical cost.