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Is it feasible to set up Oracle Assets to have the life of low value intangible assets according to

edited Apr 3, 2017 5:56AM in Fixed Assets - EBS (MOSC) 7 commentsAnswered

Hello,

Is it feasible to set up Oracle Assets to have the life of low value intangible assets according to the expiration date (e.g 1 year, 2 years, etc.) and to fully depreciate the cost in the next period after the date in service?

We have a lot of low value intangible assets (till $100), like payments for internet domains and licenses.

Those assets have an expiration date. The asset life should be according to that expiration date.

For instance, we put the asset #1 in service on 01-DEC-2016 and it expires on the 31-DEC-2018. So, the asset #1 life is 2 years.

I have a requirement to fully reserve those low value intangible assets in the 1st month of depreciation.

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