Amortization of Lease Improved assets
Hi Experts,
Our client is in need of the following requirement to be done. I need your advise.
We want to depreciate an asset over its lease period and the requirement is to understand how this is handled on Oracle.
An example is I signed a lease on a building for 5 years commencing 1/1/2010 and ending 31/12/2015.
I incurred leasehold improvement in March 2010 and March 2011 of R 10,000 and R15,000 respectively. We would like the R 10,000 to be written off over remaining period i.e. 58 months and the R15,000 to be written off over 46 months. Please advise if this scenario can be handled.
Our client is in need of the following requirement to be done. I need your advise.
We want to depreciate an asset over its lease period and the requirement is to understand how this is handled on Oracle.
An example is I signed a lease on a building for 5 years commencing 1/1/2010 and ending 31/12/2015.
I incurred leasehold improvement in March 2010 and March 2011 of R 10,000 and R15,000 respectively. We would like the R 10,000 to be written off over remaining period i.e. 58 months and the R15,000 to be written off over 46 months. Please advise if this scenario can be handled.
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