E1: 12: Working With User Defined Depreciation (R12855/P12851/P12853/P12854)
(Doc ID 1484371.1)
Last updated on JULY 14, 2021
JD Edwards EnterpriseOne Fixed Assets - Version XE and later Information in this document applies to any platform.
The User Defined Depreciation programs are a powerful and flexible feature that allows users to create numerous unique depreciation rules without resorting to custom programming. Companies may operate in multiple states, sites, countries and currencies. User Defined Depreciation allows companies to select from more than 45 predefined depreciation methods to use or modify, or they can create a unique depreciation method specific to their company’s needs.
Some of the benefits of using User Defined Depreciation are:
Ability to create a specific depreciation rule to be used in a certain year.
Annual depreciation amounts can be spread over the years as desired with the use of Spread Patterns.
User-specific depreciation formulas can be created without custom program modifications.
Depreciation methods can be assigned for specific categories of assets.
Specific depreciation methods can be used for assets placed in service during certain periods.
Specific depreciation methods can be used for certain years only.
The User Defined Depreciation programs (R12855/P12851/P12853/P12854) can be used to create or modify a depreciation rule to meet the specific needs of a company.
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