Fixed Assets - EBS (MOSC)

MOSC Banner

Depreciation Method Setup for assets impacted by lease extension

edited May 19, 2010 2:45AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered
 Hi- My company negoitated a lease extension at one of our locations, and as a result the lives of many of the LHI assets at that location have been extended.   We've been asked to make the appropriate adjustments to the asset lives in the Oracle Assets Corporate Book (11.5.10).  We currently depreciate all assets using the STL method.

The NBV of the assets at the time the agreement was signed (March 2010) is to be depreciated over the 126 months of the new lease agreement.   The expectation is that we continue to use the STL method and have an equal amount of depreciation charged each month.

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center