Fixed Assets - EBS (MOSC)

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HY Depreciation Method calculates depreciation in final month of life for tax book

edited Feb 27, 2015 3:01PM in Fixed Assets - EBS (MOSC) 11 commentsAnswered ✓

We are on Oracle R12 and we have some assets in our tax book that have a 7 year MACRS HY depreciation method where the assets were placed in service on 1/1/2008.  The depreciation should calculate through half of 2016, the 8th year of the asset life, but the depreciation expense is fully depreciating the remaining asset value in Dec 2015.  This is happening for all assets in our tax book where the date placed in service is 1/1/xxxx.  Does anyone know of a fix for this?  

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