Defining depreciation method DMV
Summary
Need inputs on creating custom depreciation methodContent
Hi Experts,
We have a requirement to create 2 depreciation methods for our project and would like to know how it can be defined in oracle Fusion cloud,
1st requirement is 200% current
For depreciating assets you started to hold on or after 10 May 2006, the formula for the decline in value is:
base value × (days held ÷ 365) × (200% ÷ asset's effective life).
The base value:
•for the income year in which an asset’s start time occurs, is the asset’s cost
•for a later income year, is –the asset’s opening adjustable value for that year, plus
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