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Methodology for MACRS HY 3 year asset

Received Response
edited Dec 30, 2019 7:29PM in Assets 11 comments


IRS Publication 946 MACRS tables for 4 years for a 3 year asset. Yet Oracle fully depreciates the asset in the year retired. Is this a seeded default or was this setup improperly?


I'm confused as to why the MACRS tables listed in IRS Pub 946, specifically looking at table A-1 (attached) which shows 4 table years summing to 100% for 3-year recovery period assets. I've attached some screenshot that I hope prove helpful. I've run a hypothetical asset report (also attached) to demonstrate and compared the system calculation with manual calcs per the IRS MACRS table - these are also the factors found in the seeded MACRS HY tables found in the Functional Setup Manager. Oracle Fusion Assets is fully depreciating the remaining NBV of $864.38  in Dec 2022, the last month

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