Fixed Assets - EBS (MOSC)

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Reporting of Bonus Depreciation post conversion

edited Apr 10, 2014 12:15PM in Fixed Assets - EBS (MOSC) 1 commentAnswered

Hi,

Background:

- Tax Upload Interface does not support uploading YTD and LTD Bonus Depreciation amount during conversion

- Oracle seeded methods for bonus depreciation do not populate YTD and LTD Bonus Depreciation fields

- Bonus Depreciation calculated based on Bonus Rules does populate YTD and LTD Bonus Depreciation. Tax Upload Interface also supports populating Bonus Rules during conversion.

  However, in case of 100% Bonus Depreciation, even if we define one time 100% Bonus rule and attach it to Asset, Oracle first calculates normal depreciation for first period and then apply bonus rule. This results in less-than-100% bonus depreciation amount.

Requirement

- We want to be able to report bonus Depreciation amount separately even for converted assets.

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