Japan Old Declining Balance Method (Heisei 20 Onwards Rule)

Summary:

Whether Oracle Fusion Assets Has Standard Function to Support Japan Old Declining Balance Method (Heisei 20 Onwards Rule)

Content (please ensure you mask any confidential information):

Depreciation expense = Opening net book value × Depreciation rate under the Old Declining Balance Method.

(Applicable from Fiscal Year Heisei 20 onwards)For fiscal years subsequent to the year in which accumulated depreciation reaches an amount equivalent to 95% of the acquisition cost,depreciation expense shall be calculated as (Opening net book value − 1 Japanese Yen) ÷ 5,and the asset shall be depreciated evenly until the net book value is reduced to 1 Japanese Yen.

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