Depreciation methods for Hong Kong Tax books.

Is there any seeded depreciation methods provided by oracle to meet Hong Kong tax requirements...is there some patch which will provide such methods.

If no, then how can we satisfy Hong Kong requirements for tax books.

Hong Kong Requirement for depreciation is following:

1. During the year of acquisition, the fixed asset is qualified for an initial allowance at 60% of the cost and 10% annual allowance on the reducing balance amount (ie. cost less the initial allowance 60%).

2. During the year of acquisition, the fixed asset is qualified for an initial allowance at 60% of the cost and 20% annual allowance on the reducing balance amount (ie. cost less the initial allowance 60%).