FA - Depn/Mid Year Conversion
Posted: 06 October 2009 12:42 PM
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Total Posts:  1
Joined  2009-10-06

Hi All,

I have a Tax Book where Assets are depreciated as per Declining Method which is equally distributed across 12 months.
I am also converting assets in middle of the year since my calender is Jan - Dec

Issue -
Example
Cost of Asset - $1000
DPIS - 01-Jan-08
Depreciation rate 20%
Acc Depn (Sep09) 320
Depn as of Sep 09 13.33

I will be enter the following data in Oracle
Cost of Asset - $1000
DPIS - 01-Jan-08
Acc Depn 320
Depn Rate- 20%
Depn Method- Flat Rate/ NBV
Depn Amount- 11.33 (Calculated by Oracle)
Data entered - Oct -09

Result
There is a difference of $2.00 between the depreciation calculated as of both systems.

Can someone point me to right direction.

Thanks
ASV

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