How to define time based depreciation methods in oracle fixed assets r12
Hi,
I have a requirement to make time based depreciation methods with below example.
Need some advise.
Depreciation Calendar is Yearly and Prorate calendar is Yearly | ||||
Cost of asset | 10,000.00 | |||
Depreciation method = duration of concession | ||||
Date of placed on service | 4/19/2016 | '----> day from 19/4/2016 until 31/12/2016 = 257 | ||
End of concession | 9/30/2023 | '----> day from 19/4/2016 until 30/09/2023 = 2.721 | ||
Depreciation of FY 2016 | 944.51 | 10.000 / 2.721 x 257 | ||
Journal date | 12/31/2016 | |||
Yearly depreciation staring from 2017 till 2022 | 1,341.42 | 10.000 / 2.721 x 365 | ||
Depreciation of FY 2023 | 1,003.31 | 10.000 / 2.721 x 273 |
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