Depreciation/What-If
Discussion List
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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… -
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 97 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 …
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MACRS 20% Bonus Half-Year for tax bookSummary: Hi, Can you please help to get the MACRS 20% Bonus Half-Year for tax book to configure for my business. Content (please ensure you mask any confidential informa…
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REST API to update the Asset commentSummary: Requirement is to update the Comment field in the fixed asset frequently, We Couldn't find any REST API to achieve the same. Kindly provide is there any REST AP…
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French Depreciation Method - DerogatorySummary: Content (please ensure you mask any confidential information): Hello, In France, they use derogatory depreciation method which is mainly a Declining Balance wit…
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General Depreciation System using Straight Line methodSummary: We have a requirement to use General Depreciation System using Straight Line method for tax books where in the Depreciation method provides for equal yearly ded…