Diminishing Depreciation Method
Hi All,
Can anyone help me on this please.
I will be implementing Tax Book for the first time, and my client is using Reducing Balance as depreciation method. As per the client, in this method, we do not specify the life of assets, as it will carry on till the value of the assets becomes very small. Depreciation is calculated on a yearly basis. For example Plant & Machinery is depreciated at 35% yearly.
But in Oracle Fixed Assets, I am confused to which method to use. Can anyone please advise me which depreciation method to use from the seeded depreciation method as it is defined in Oracle Assets.
Can anyone help me on this please.
I will be implementing Tax Book for the first time, and my client is using Reducing Balance as depreciation method. As per the client, in this method, we do not specify the life of assets, as it will carry on till the value of the assets becomes very small. Depreciation is calculated on a yearly basis. For example Plant & Machinery is depreciated at 35% yearly.
But in Oracle Fixed Assets, I am confused to which method to use. Can anyone please advise me which depreciation method to use from the seeded depreciation method as it is defined in Oracle Assets.
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