Fixed Assets - EBS (MOSC)

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r12 Fixed Assets 2017 Tax Act - 100% depreciation

edited Dec 30, 2018 4:02AM in Fixed Assets - EBS (MOSC) 6 commentsAnswered

Greetings -

We are currently using the Fixed Assets module in r12.1.3 (United States).  The Assets team wants to depreciate numerous Assets by 100% prior to the end of 2018 because of a tax law change.

Does anyone have any information as to what depreciation method should be used?  I looked on the Oracle Support site for any patches or information on the impact of the 2017 tax reform reconciliation act (the Act) which went into place Dec 22, 2017.  I found a note for JD Edwards - EAM: TAX CUTS AND JOBS ACT OF 2017 - APPLYING ADDITIONAL BONUS RETROACTIVELY (Doc ID 2372497.1), but nothing for R12.1.x.

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