Fixed Assets - EBS (MOSC)

MOSC Banner

Rent Increase Calculation for Data Take-On

edited Jul 25, 2014 5:02AM in Fixed Assets - EBS (MOSC) 1 commentAnswered

Hi,

I have the following scenario:

Lease Commencement = 01-NOV-2012

Lease Termination = 31-OCT-2015

Therefore Lease Term is 3 years

The lease has a base rent for a monthly Actual amount of 100 ; 1200 Annual Amount.

I then created a rent increase of 10% to occur on the following Basis Periods:

01-Nov-2013 and 01-Nov-2014

Therefore the calculation should be as follows:

01-Nov-2012 until 01-Oct-2013 = 100 per month ; Annually = 1200

01-Nov-2013 until 01-Oct-2014 = 110 per month (As 10% of 100 = 10 therefore 100 + 10 = 110) ; Annually = 1320

01-Nov-2014 until 01-Oct-2015 = 121 per month (As 10% of 110 = 11 therefore 110 + 11 = 121) ; Annually = 1452

HOWEVER I am not receiving the above but rather the following:

01-Nov-2012 until 01-Oct-2013 = 100 per month ; Annually = 1200 - refer to point A on excel

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