Fixed Assets - EBS (MOSC)

MOSC Banner

Depreciation Override and Amortization effect

edited Jan 3, 2012 3:24AM in Fixed Assets - EBS (MOSC) 1 commentAnswered
We have the following scenario:

Asset Value: 3600

DPIS: 27-FEB-2011

Life: 3 Yrs

Financial Year: Feb to Mar (first day is Feb 27th and Last day is Mar 3rd 2011) FY12

After first year the depreciation is 1200 which is right.

In Period 1 of FY13 (Mar4th).. FY13 Financial year is Mar 4th to Jan 2013-- we have 336 days in FY13 (I know we have less days, but that is not an issue)

For Period 1 we do not want to depreciate so we use the Depreciation Override functionality so we insert a '0' depreciation using the override screen

For Period 1, the depreciation is calculate zero..this is good. So the remaining life as of this time is 23 Mths

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center