Asset Lifecycle Management - PSFT (MOSC)

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How is gain/loss on asset retirement calculated?

edited Oct 1, 2016 5:00AM in Asset Lifecycle Management - PSFT (MOSC) 1 commentAnswered

How is gain or loss on an asset retirement calculated?

I have a scenario where we have an asset with more than one cost, and it seems like the gain loss calculation does not work properly for it.

Original Value of Asset = 1194.29

Partially impaired for -738.28

Asset is fully depreciated over time.

After asset is fully depreciated, it is retired with no proceeds.

The dist_ln rows created are like:

Distribution TypeCost TypeAmount
FA-1194.29
AD1194.29
NV738.28
FAI738.28
ADI-738.28
NVI-1194.29

This results in a gain/loss when there should not be one.

I would like to understand the calculation so that I know whether this is a bug.

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