Expensed Item treatment in Corporate Book and Tax Book
We have a requirement in FA, below is the requirement details
Scenario1:
We have an Asset Category where 'COMPUTERS.PC' where the costs is less than < $2500, we have to treat it as an Expensed Asset in Corporate Book and does not require any depreciation.
In Tax Book it should be treated as Asset and depreciation is necesary in every period as per the Tax Book Category.
Can you please provide how to achieve this through Oracle Standard Functinality.
Scenario2:
We have an Asset Category where 'COMPUTERS.PC' where the costs is more than > $2500, we have to treat it as an Asset in both the Books and depreciation need to be calculated in both the books.