E1: 12: P12851 Depreciation Rule Revisions FAQ
(Doc ID 1494360.1)
Last updated on JULY 21, 2023
Applies to:
JD Edwards EnterpriseOne Fixed Assets - Version XE and laterInformation in this document applies to any platform.
Purpose
In Depreciation Rule Revision (P12851) and under “Conventions” tab, there are options to flag "Allow Over Depreciation" and "Allow Negative Depreciation". Use the following examples to further explain their use and differences
Questions and Answers
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In this Document
| Purpose |
| Questions and Answers |
| Question 1. What is "Allow Negative Depreciation"? |
| Question 2. What is "Allow Over Depreciation"? |
| Question 3. Can it be YES to "Allow Over Depreciation" but NO to "Allow Negative Depreciation" or vice-a versa? |
| Question 4. How does the system calculate the first year depreciation on an asset that is using Method 01-Straight Line and Inception to date? |
| Question 5. Is it okay to change Depreciation Methods, Compute Directions, and Initial Term of Apportionments (ITAC)? What are the consequences? |
| Question 7. In the P12851, the "In Service From Date" and "Effective From Date" are not editable. Any workarounds? |
| Question 8. How do you change the life months of an asset? |
| Question 11. Why is the error message 012X-Numeric Depreciation Method Not Allowed display when trying to add/copy a rule? |
| Question 12. What element would be used to represent the number of days for the life of a declining balance asset when the life is set to 999 |
| Question 13. Is it possible to use a fixed percentage applied to the year and use I-Inception to Date and take at least $200 of depreciation each month? ExampleL01-I-999 |
| Question 14. Is it possible to create a formula that will compare the NBV-Net Book Value and fully depreciate the asset if the NBV is less than a certain amount? Say $200? |
| References |