Need Help with Catch up Depreciation calculation!
We are unable to understand how is Oracle calculating the "Adjustment Amount" when are upload an Asset with DPIS in past.
the Depreciation Calendar is monthly , 12 months JAN-DEC
Prorate Calendar is DAILY (365 days)
Prorate Convention at the Asset Category level is "END OF MON"
Mthod STL
Life 20 Yrs 0 month
Date in service - 16-MAR-2018
Prorate DAte 31-MAR-2018
Cost 619.5
Uploaded this asset in MAY-18 and ran depreciation.
DEpreciation Amount = 2.58 (this makes sense = 619.5/240)
Adjustment Amount = 2.77 (does NOT make sense....how is this calculated??. Shouldn't this simply be 2.58 * 2 = 5.16 )
Total Amount = 5.35 ( not correct, this should be 2.58 * 3 = 7.74 )
Asset financial Inquiry and BOOK, Category setups are in the attachment.