Fixed Assets - EBS (MOSC)

MOSC Banner

FA Amortization Calculation

edited Jul 18, 2014 7:56AM in Fixed Assets - EBS (MOSC) 9 commentsAnswered ✓

Scenario

Date Place in Service - 01 Aug 2012

Cost - 1188000

life 5 yrs

Prorate convention - Full year depreciation in year of purchase

Assets migrated to FA on Oct 2013

However in Feb -2014  users want to change the life of  Assets from 5 years to 4 years effective as from 1 Jan- 2013

This is the result of my calculation

01 Aug - 31 Dec 2012 - Full year depreciation   237600   NBV 950400

01 Jan - 31 dec 2013 - Remaining life changed to 3 years   Yearly Depreciation 950400/3 = 316800     NBV = 633600

Jan - 2014   Monthly depreciation = 316800/12 = 26400

Feb- 2014   Monthly  depreciation = 26400

Oracle Results

Please see the attached file

Grateful if someone can walk me through on how oracle has derived this result.

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

EBS Fixed Assets Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center