Re:Remaining Life Years - Fixed Assets - HandsonERP - Oracle E-Business Suite Training

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TOPIC: Re:Remaining Life Years - Fixed Assets

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#3887

Charlie (User)

Gold Boarder

Posts: 284

Re:Remaining Life Years - Fixed Assets 11 Years, 5 Months ago

I think there's more to it...
.
Date in Service = 15-Jan-2012
Therefore, PERIOD in Service = Jan-2012
.
Prorate Convention = Period in Service ADD 3 Periods = Apr-2012
.
This HAS been verified and is correct.
Prorate Date = 30-Apr-2012... see screen shot...
.
which indicates that the 1st period that DEP is calculated is for APR-2012.
When I run DEP program for June-2012, the program will generate a DEP ADJ for periods APR and MAY...
.
It also creates DEP EXP for June-2012..
ALL is exactly as expected... working GREAT.
.
However, why would the Remaining Life+Month = 2yrs 7months
Things DON'T add up...
STRANGE...
.
ONLY 3 periods have been processed to-date (JUNE-2012)
Those periods are : APR + MAY + JUN...
.
Things don't add up.

Sincerely,
Charlie :)

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