Calculating Period Allocation
PeopleSoft Asset Management calculates period allocation using three asset attributes:
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In-Service Date
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Begin Depr Date
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Transaction Date
Other information that is used in this calculation includes the following, derived from previous calculations:
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Calculation Type
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Adjusted Transaction Date
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Yearly Depreciation
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Number of Periods in Year
Life to Date calculations differ depending on whether the Depreciate When in Service option is set to N or Y. The following examples illustrate how PeopleSoft Asset Management calculates period allocation using the Remaining Value and Life to Date calculations. All examples use the same base information.
When a remaining balance exists due to rounding in the year, PeopleSoft Asset Management allocates that amount to the last period of the fiscal year. For example, 2000 USD to be allocated over 12 periods, periods 1 through 11 will have 166.67 each and period 12 will have 166.63 USD (2000 USD - (166.67 x 11).
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | Period |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.67 |
166.63 |
Amount |