DPIS enabled Prorate Convention for STL Method
Select the Depreciate When Placed in Service check box if you want to start taking
depreciation in the accounting period that corresponds to the date placed in service,
instead of the period that corresponds to the prorate date.
This option determines over how many periods to spread the annual depreciation
amount. For assets that use a calculated (straight-line) method, Oracle Assets
ignores this option and always starts taking depreciation in the accounting period
that corresponds to the prorate date.
But our requirement is, if Mar is DPIS for an asset with HALFYEAR convention (Jan-DEC -> JUL1st is Prorate Date), System should calculate 6 months of Depreciation spread across 9 Months (Mar to Dec). This can be achieved by this DPIS check box at Prorate convention. The problem is the same will not work for STL method. How to achieve this functionality?