Depreciation amount for 4-4-5 deprn calendar, daily prorate calendar(364 periods per year and divide
Hi,Community user id : 253341 ?
My client is moving to 4-4-5 calendar and currently testing the depreciation .
And asked oracle for the formula which can verify the system generated depreciation amount.
I tested depreciation but I could not understand the the result myself.
Please share your knowledge on the 4-4-5 calendar and explain the logic using the following conditions and sample asset.
--- Setup ---
Deprn method : STL
Fiscal Year : 4-4-5 Fiscal Year
Calendar : 4-4-5
Prorate calendar : Daily ( 364 periods per year )
Divide by : by days
Prorate convention : Mid Month
-- Asset ---
Life year : 2
Date placed in service : 30-Jul-1997
My client is moving to 4-4-5 calendar and currently testing the depreciation .
And asked oracle for the formula which can verify the system generated depreciation amount.
I tested depreciation but I could not understand the the result myself.
Please share your knowledge on the 4-4-5 calendar and explain the logic using the following conditions and sample asset.
--- Setup ---
Deprn method : STL
Fiscal Year : 4-4-5 Fiscal Year
Calendar : 4-4-5
Prorate calendar : Daily ( 364 periods per year )
Divide by : by days
Prorate convention : Mid Month
-- Asset ---
Life year : 2
Date placed in service : 30-Jul-1997
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