Depreciation/What-If
Discussion List
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Roll back Depreciation in Oracle Fusion AssetsWe have run the Calculate depreciation for one of Asset Book and found Deprecitation amount cacluated wrongly. Now we have to do Rollback Depreciation, how it can be don… -
Depreciation Reserve account does not show correct balanceSummary: We added SW and CE assets from acquisition to our books as of 3/1/23. I used the FBDI template to add both asset types. In YTD Depr column AZ, I included 2 mont…
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In Fusion Assets how to calculate Asset Depreciation for entire year irrespective of of Its DPISSummary: There is a requirement to calculate Asset Depreciation for whole year irrespective of its Date Placed in Service. e.g. Asset Date Placed in Service is 1st July,… -
Calculating NBV for partially retired AssetSummary: Calculating NBV for partially retired Asset Content (please ensure you mask any confidential information): How to consult the current Net Book Value in the asse…
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Is it possible to add cost to CIP asset?Summary: Is it possible to add cost to CIP asset? Content (please ensure you mask any confidential information): We want to create a cIP asset and add cost while adding …
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How do you correct wrongly posted Depreciation for a prior period in Oracle Assets?Hi, How do you correct wrongly posted Depreciation for a prior period in Oracle Assets? -
Does anyone know which depreciation method to use for MACRS 40%?Hello Everyone, According to Oracle Support doc ID 2860300.1, there is a delivered bonus method to meet requirements for 40% ((iv) in the case of property placed in serv…
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Need to upload opening FAR to system with depreciation reserve and YTD depreciation balancesSummary: Opening FAR to be uploaded to the system with depreciation reserve and YTD depreciation balances Content (please ensure you mask any confidential information): … -
How to create Formula type Depreciation Method with different Depreciation Rates for different PerioHi, I have a requirement, where in Asset life is 7 years and first 7 years asset should be depreciated 60% and remaining 7 years depreciation should be 40%. I have creat…
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There is no impact on 80% Bonus depreciation as per note 2860300.1Summary: I have configured and implemented the package as per the note 2860300.1 and it was successful. But i could not see the depreciation methods. Content (required):…Geetha chandrasekhar 91 views 10 comments 0 points Most recent by Shawna Green-Support-Oracle Assets
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Get in contact with French localization teamSummary: Get in contact with French localization team Content (please ensure you mask any confidential information): Hello, Anyone knows how can we get in contact with O…
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How to create Formula type Depreciation Method with different Depreciation Rates for different PerioSummary How to create Formula type Depreciation Method with different Depreciation Rates for different Periods?Content Hi Experts, I have requirement to create the calcu…
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How to adjust lease asset lifeSummary: We found that there is an asset with useful life 36 months in "Manage Lease", but the corresponding asset record in "Inquire Asset" is 6 years. When we try to "… -
Why did is there two journal batches for the same deprecation run?Hi there, In running 'create accounting' for all process events in FA, we ended up with 2 journal batches for depreciation. We ran depreciation at once, but resulted wit…
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Cannot setup Depreciation Rates on Depreciation MethodSummary: Cannot setup Depreciation Rates on Depreciation Method Content (please ensure you mask any confidential information): We cannot setup Depreciation Rates on Depr…
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What is Recoverable Cost in the asset inquiry window?Summary: Content (required): What is the Recoverable Cost in the asset inquiry window? Is it the same as current cost or is there any purpose or way the Recoverable Cost…
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For Cloud Computing Asset is there any separate depreciation method to account separatelySummary: CIP Asset and Cloud Computing Assets are being interfaced from PPM to FA. For Cloud Computing Asset is there any separate depreciation method to account separat…
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Assets Period close ExceptionI have few transfer entries which are not accounted as we don't have intercompany rules enabled. How to correct them and how to close the assets period?
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How system calculates depreciation reserve and YTD depreciation in Table methodsSummary: How system calculates depreciation reserve and YTD depreciation in Table methods Content (please ensure you mask any confidential information): How system calcu…
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How to get asset type based on period name for an asset numberHi Experts, I have a requirement to fetch the asset type (CIP or CAPITALIZED) for an asset number based on period name. Also there are some asset types like 'RECLASS', '…
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Fully depreciate annual depreciation expense in the period it is addedSummary: Our tax team would like to have the full MACRS 80% Depreciation rate (84% in year 1) applied in the rate the asset is added into the system. For instance if ent…
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What-if Depreciation Analysis Report - difference on foreign currencySummary: Hello, I ran the report for the primary currency (MXN) and foreign currency (USD), however there are a specific period that the forecast depreciation is not log…Melina Alonso.Velazquez-Oracle 11 views 1 comment 0 points Most recent by Shawna Green-Support-Oracle Assets
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When Creating A New Depreciation Method getting an ErrorSummary: When Creating A New Depreciation Method getting an Error: The sum of the annual rates for a period must be 1. (FA-645223) Content (please ensure you mask any co…
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Is it suggestable to create a tax bk with yearly depreciation where as follow Monly Dep in Corp bk?We have a requirement where an asset must follow the monthly depreciation calendar in corporate book and yearly depreciation in Tax Book. We did a POC and find it is fea…PL Karthick Ramanathan 11 views 1 comment 0 points Most recent by Shawna Green-Support-Oracle Assets
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Capitalization Threshold ExemptionSummary: Scenario is all assets should have a cap threshold of 10k, except for Land (should be capitalized regardless of the amount) how do we achieve the requirement? C…
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Custom Depreciation Rate TableThe Rule of depreciation on vehicles is the following: 5 years 0 months 3% of cost for months 1 – 12 2.5% of cost for months 13-24 1% of cost for remaining months until …