Fixed Assets - EBS (MOSC)

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Need Help with Catch up Depreciation calculation!

edited Jun 7, 2018 3:05PM in Fixed Assets - EBS (MOSC) 6 commentsAnswered

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.

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