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How to change the Accumulated depreciation of an Asset without affecting YTD depreciation

edited May 17, 2020 12:13AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered ✓

Hi,

I'm in Oracle R12.1.3

How to change the Acumulated Depreciation of an asset (which is in use) without affecting its current YTD depreciation.

Reason: At the time of Asset loading into the FA, incorrect sum of the accumulated depreciation  was entered.

For Example,

Asset Cost - 3,00,000 (Original Cost)

Total Correct Accumulated Depreciation (in Legacy System) - 90,000

Incorrect Accumulated Depreciation was entered in Oracle FA- 70027.40

(This incorrect accumulated depreciation was entered in Feb - 14)

So far, the  YTD Depreciation in Oracle has been calculated as 7479.45 (i.e. Apr 14 - Jun 14)

Now, here I want to change/correct  the Accumulated Depreciation to 90,000 + Current Year YTD i.e. 7479.45 = "97479.45"

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