Fixed Assets - EBS (MOSC)

MOSC Banner

ACE Depreciation Book- Do we still need it?

edited Oct 24, 2014 10:03AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

Hello

We are starting a new implementation of Oracle Fixed Assets with requirements for setting up tax depreciation books and I need to confirm the following.

As per IRS instructions for Depreciaiton adjustments, "...for property placed in service after 1993, the ACE depreciation is the same as the AMT depreciation"

If all our assets were placed in service after 1993, is there still a need to setup the ACE depreciation book?

Appreciate if some one familiiar with the subject can confirm.

Thank you


Tagged:

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS Fixed Assets Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center