Fixed Assets - EBS (MOSC)

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Half month Depreciation in Tax books

edited Feb 14, 2018 11:53AM in Fixed Assets - EBS (MOSC) 8 commentsAnswered ✓

I have setup assets in a Tax book to use a mid-month prorate (take a half month depreciation in first and last month).  The Depreciation method assigned is MACRS STL MM.  When we retire an asset it is taking a full months depreciation. 

Any ideas as to why this may be?  I am actively working with Oracle on the issue.

In the mean time I am trying a workaround using a 24 period prorate calendar.  The issue that I am running into now is that none of the Macrs or AMT methods are setup for 24 periods.

I do not have any experience setting up tables to  account for 24 periods for these rates. 

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