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