Fixed Assets - EBS (MOSC)

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Depreciate few assets with the option to depreciate by no. of days in the FA book that is configured

edited Dec 18, 2019 11:35PM in Fixed Assets - EBS (MOSC) 3 commentsAnswered ✓

We have a requirement to depreciate few intangible assets in Oracle Fixed Assets with number of days in each month for Straight Line 2 year depreciation Method. Presently, our FA Corporate book is configured with the option to Divide Depreciation 'Evenly'.  Our FA Calendar is monthly calendar with 12 periods in one year.

For example if we have an asset Cost of $2,000,000 and it is depreciated as 'Divide Evenly' using 2 year straight line depreciation method, it will depreciate each month with the following amount.

$83,333.33 

Presently system is working as mentioned above, however, if want system to calculate depreciation for each month based on number of days. For Jan it should be 31 days, Feb 28 days, March 30 etc. 

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