Question regard depreciation rates when converting from legacy system
We are currently converting our fixed assets from a legacy system into Oracle
we have an asset placed into service in Jan-2010 and our first period for depreciation in our Oracle tax book is Apr-2014
we think this should be our 4th year and using 200DB we should have a monthly depreciation of $1118 but when we run our depreciation we get $944.52 which would indicate that Oracle is using a rate for year 6
we don't understand why we are not seeing what we expect
can anyone help us out--thanks