Calculating Prior Period Depreciation

Prior period depreciation is generally calculated only for Life to Date calculations. In Remaining Value calculations, prior period depreciation is calculated only if the accounting date occurs after transaction date.

Prior period depreciation is keyed by a derived beginning calculation date. For remaining value calculations in which the accounting date occurs after the transaction date, the beginning calculation date equals the transaction date. For life to date calculations, the beginning calculation date depends on a combination of the following items:

• Transaction Date

• Begin Depr Date

Note:

One overriding factor that is used to derive the beginning calculation date is that it can never occur before the beginning depreciation date. If according to all calculations it should, it is automatically made to equal the beginning depreciation date.

PeopleSoft Asset Management calculates prior period depreciation using the derived beginning calculation date as well as the following items:

• Period Depreciation Allocation

• Accumulated Depreciation

The following examples illustrate how PeopleSoft Asset Management calculates prior period depreciation.