Fixed Assets - EBS (MOSC)

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Depreciation calculation for partially retired assets

edited Feb 15, 2013 5:44AM in Fixed Assets - EBS (MOSC) 19 commentsAnswered
Hi,

There is a difference between the depreciation calculation in Oracle & the client's requirement.

For example, An asset is added on 1st of January (Cost is 1000). Same asset has been partially retired on 15th of January by 500.According to the client's requirement, Depreciation should be calculated from 1st - 15 th January for the cost of 1000 & 15th- 31st for the cost of 500.

However system calculates depreciation for the cost of 500 for the entire month. Is there a particular setup apart from the below given?
Prorate Convention- Daily
Divide Depreciation in Book controls - Evenly

Thank you.

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