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    Richard Beet
    EPBCS Capital - Calculate Depreciation on Existing Assets
    Topic posted February 12, 2018 by Richard BeetRed Ribbon: 250+ Points, tagged PBCS, Planning 
    189 Views, 2 Comments
    Title:
    EPBCS Capital - Calculate Depreciation on Existing Assets
    Summary:
    Calculating depreciation on Existing Assets with a Purchase / In-Service Date in the past
    Content:

    Hi All, 

    We have an issue in calculating depreciation on Existing Assets with a Purchase / In-Service Date in the past.

    e.g. if the current Fiscal Year is FY18 and we import an Existing Asset with a Useful Life of 5 years that was purchased and put into Service 1 year ago in FY17, we need the application to calculate the Net Book Value for the remaining 4 years of the asset's life. 

    If the Purchase / In-Service is in the past, the depreciation does not calculate. 

    Anyone with any advice on loading Existing Assets into the EPBCS Capital framework?

    Thanks, 

    Richard

    Comment

     

    • Arun Raj

      Hi,

      Has the following been configured properly for the Asset Class?

      • Depreciation Method
      • Use Life in Years

      Have you tried running the "Calculate Expenses" business rule?

      Thanks,

      Arun

    • Muthu Ranganathan

      This should work and calculate. You can please log a SR if its not calculating. 

      You just have to run the calculate rule.