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Fixed Assets - EBS (MOSC)

Cost Segregation Projects

Nov 10, 2010 2:41AM edited Nov 24, 2010 11:39PM in Fixed Assets - EBS (MOSC) 4 commentsAnswered

We periodically analyze the asset population to find potential accelerated depreciation opportunities on the tax books (cost segregation projects). In the past when assets have been identified, there is no easy way to split them apart without breaking the link between the Corp book and the Tax books. We are currently working to upgrade to Oracle R12 for Financials (from 11.03). We need help in identifying the best approach for handling Cost Segregation transactions in the Fixed Asset application for R12.

Scenario:

Asset is set up with a cost of $1,000 in the Corporate Book. The asset has been depreciating for 1 year.

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