Fixed Assets - EBS (MOSC)

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Assets Conversion Question - Web ADI

edited Jun 3, 2013 7:39AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered ✓
Hi,

We are preparing the Assets conversion from a Legacy system to Oracle. The fiscal year of Fixed Assets go from January to December.

The company will start using the system the 1st February 2014.

I want to understand if I have an option to upload the accumulated depreciation so the first time that the depreciation runs in Oracle is in February 2014 or if I have to upload the Additions and then run the depreciation until leave open period February 2014.

Example:

Asset ABC

DPIS: 01-JUN-2013

Cost: 3000

Life: 3 years

Depreciation Method: STL

Last period in which depreciation will be run in the Legacy system will be January 2014. As such Accumulated Depreciation at the beginning of February Depreciation will be 3000/36 * 7 = 583.33

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