Fixed Assets - EBS (MOSC)

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STL method till Residual value and change life of the asset

in Fixed Assets - EBS (MOSC) 1 commentAnswered

Our client has a legacy FA system where they use normal STL depreciation method (say 3 year life) with residual value set for the assets. The asset keeps depreciating using STL but once it hits the residual value the business takes a decision to apply a new SL rate for the remainder of the life of the asset. Hence the total depreciation is a combination of STL method and post Residual change.

  1. What is the recommended approach to achieve this functionality in Oracle FA 12.1.3 when the asset reaches the residual value? If we change the life of the asset (after reaching residual value) from 3 years to say 7 years will it calculate depreciation on the cost using the new life with no impact to depreciation?

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