Asset Lifecycle Management - PSFT (MOSC)

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System Updates for Tax Law Changes - Fixed Assets

edited Nov 8, 2016 4:00AM in Asset Lifecycle Management - PSFT (MOSC) 5 commentsAnswered

Does anyone know if Oracle provides system updates for changes in Tax Law related to Fixed Assets?  My business partners with prior AM experience with other systems have provided the following examples:

Asset lives (federal, AMT and Ace) – in the past AMT had a different life for example than federal but currently generally they are the same. Another example would be that over the years, different types of assets may have had their lives adjusted for federal tax purposes.

Bonus depreciation (some years the law allowed 100%, 30%, 50% etc.)

Rates for the different types of depreciation – Mid month, mid-quarter, Straight line

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