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Defining depreciation method DMV

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edited Jun 1, 2021 7:32AM in Assets 2 comments

Summary

Need inputs on creating custom depreciation method

Content

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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