Fixed Assets - EBS (MOSC)

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Additional tax book Depreciation

edited Nov 28, 2012 1:08PM in Fixed Assets - EBS (MOSC) 2 commentsAnswered
Good day,

I received the following question from our tax department. I am not aware of this functionality. Does anyone know if the following functionality exists or not?

The question from the our tax department is as follows:

Can you check something for me?  Here’s the scenario.

 

Let’s say I have a intangible tax asset $30,000 / 15 years = $2,000 depr exp per year.

 

But tax law allows us to take $5,000 extra depr in the first year.  So year 1 would have a total $7,000 depr exp.

 

Is there a way to do this in Oracle?  Something to add additional tax depreciation.  But without affecting Oracle’s future depreciation calculations.  (In the example above, we don’t want Oracle to start calculating ($30,000-$5,000)/15 = $1666.67 per year.)

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