We are performing an add to Assets (adding cost to existing assets) in oracle FA, how can we setup F
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Oracle assets add to assets issue
We are performing an add to Assets (adding cost to existing assets) in oracle FA, how can we setup FA to calculate the depreciation evenly for the remaining months of the life under STL method? Currently the system computes the entire depreciation in the add to asset month. Means: (NBV + Cost adjustment) / remaining life.
Illustration:
- - Assets = 2000
- - DPIS = 01-Jan-2020
- - Depreciation Method = STL
- - Life = 12 month
Per month depreciation = 2000/12 = 167 aprox
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
167 | 167 | 167 | 167 | 167 | 167 | 167 | 167 | 167 | 167 | 167 | 167 |
- - Asset cost added = 500
- - Date cost added = 01-Mar-2020
- - Asset’s adjusted cost =