Fixed Assets - EBS (MOSC)

MOSC Banner

Calculating Accelerated Depreciation for France Tax Book

edited Jan 11, 2024 3:01PM in Fixed Assets - EBS (MOSC) 1 commentAnswered

Hi All,

We have a requirement from business to capture France Tax Accelerated depreciation amounts. This amount is divided into two parts-

Lets say France Tax calculates total depreciation on a vehicle at a rate of 30% for first year, 20% for second and third year and 10% each for forth, fifth and sixth year respectively. (example- Lets assume the total depreciation amount for France tax according to this method is $1000 for a month)

Part 1) First, the depreciation expense account of France Tax Book should capture the depreciation amount of the corporate book (lets assume its $700). This deprecation amount is getting interfaced to Oracle FA from a third party system utilizing the unplanned depreciation functionality. (We already have this integration in place) 

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center