Fixed Assets - EBS (MOSC)

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Tax Bonus Depreciation - Transfer Asset in Yr 1

edited Jan 28, 2013 12:24PM in Fixed Assets - EBS (MOSC) 6 commentsAnswered
Hello we are currently on 11i and have the following issue:

Bonus Depreciation – ideally bonus should be taken in the first month, we understand why it is not in Oracle based on rates being used.  We are running into issues where we purchase an asset and during the first year we transfer the asset.  What we should be reporting is that the initial owners take the bonus and the second owners only have non-bonus depreciation from the time they take ownership – since Oracle is rate based both parties get a piece of the bonus and both parties are separate legal entities which are reported separately – this has become

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