Fixed Assets - EBS (MOSC)

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How does the system calc catchup after an amortized life change adj with retro amort date?

in Fixed Assets - EBS (MOSC) 13 commentsAnswered

Hi, Please explain how the system calculates the amount of catchup depreciation. Scenario:

Asset cost 8459.59, STL, 120 months, DPIS 15-DEC-2021. Prorate Convention is Daily

Period Depr

DEC-2021 39.4

JAN-2022 70.5

FEB-2022 70.5

MAR-2022 70.5

APR-2022 70.5

MAY-2022 70.5

JUN-2022 70.5

JUL-2022 70.5

Reserve as of the end of JUL-2022 = 532.9

Changed life from 120 to 124 in period AUG-2022, with amortization start date of 20-APR-2022

After running depreciation, the system calculated new depr to be 68.16, adj catchup of -9.40

AUG-2022 depr 68.16, Adjustment -9.40

I'd much appreciate it if someone can explain how the system came up with the new depr and adjustment amounts.

Thanks!

Jo

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