Depreciation Ceilings - Tax Books
I am trying to confirm how Oracle FA will handle depreciation on an asset in a Tax Book where there is a depreciation ceiling involved? If I have an asset category with a 5 year life and depreciation ceiling defined out for 5 years, what happens if the cost of the asset exceeds the depreciation ceiling over the 5 years? Will Oracle do any depreciation on the asset after the 5 years or will it leave a NBV balance of the asset cost less the depreciation taken (which would be equal to the ceiling)?
Thanks.
Dave
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