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Fixed Assets - EBS (MOSC)

Depreciation Round-off issue(Fusion Fixed Assets Module)

Jan 15, 2018 2:08AM edited Jan 23, 2018 4:02AM in Fixed Assets - EBS (MOSC) 1 commentAnswered

In doing fixed asset depreciation, oracle will follow the intended functionality, see the illustration below

The system calculates the depreciation based on the annual depreciation truncated to two decimals.

This annual amount is then divided by the number of periods within the year rounded to two decimal points.

The last period of the year will record the remaining amount that will equate to the annual amount.

and this is not allow change by setup.

Take the following as an example:

Recoverable Cost = 5,297.69, no salvage value in this case, Useful life=36, starting from Dec/2017, straight line method

Annual depreciation in 2017: Truncate(5297.69 * 1 / 36) = 147.15 [147.1580555...]

Tagged:

EBS_FA_Assets

1

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