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Can you adjust the year in service date for an asset in the tax book only?

in Assets 2 comments

Summary: We have a handful of assets that were entered in 2023 with a date of service of December 2022. Oracle is using the depreciation rules for 2022 to calculate depreciation. For tax purposes, the asset was added in 2023 and should follow the 2023 depreciation rules. Is there a way to adjust year in service for tax purposes only? We have a standard fixed asset book and a standard tax fixed asset book.


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Version (include the version you are using, if applicable): Oracle Fusion Cloud Applications 24D (11.13.24.10.0)



Code Snippet (add any code snippets that support your topic, if applicable):

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