System calculated Depreciation Wrongly.

Hi Team,

Please be informed, Client implemented oracle in Jan-12.

The below Asset 13578

The cost is 9,091,739.57

Useful life 30 Years

The monthly depreciation should be 9,091,739.57/(30*12) 360 = 25,254.83

Why is the system showing a monthly depreciation 23,122.93.

Jan-12 Asset Addition Entries:-

1 121005.2455.1412100.00000.00000.0000.000.000000.0000.0000.0000.0000 Asset Cost AED 9,091,739.57

2 121005.2455.1903025.00000.00000.0000.000.000000.0000.0000.0000.0000 Asset Clearing AED  9,091,739.57

Jan-12 Depreciation Entry

121005.2455.5524010.00000.00000.0000.000.000000.0000.0000.0000.0000 Expense AED 23,122.93  (Debit)

121005.2455.1512100.00000.00000.0000.000.000000.0000.0000.0000.0000 Asset AED  23,122.93  (Credit)