E1: 12: Standard/Demo User Defined Depreciation Methods (R12855)
(Doc ID 834784.1)
Last updated on MARCH 04, 2019
JD Edwards EnterpriseOne Fixed Assets - Version XE and later Information in this document applies to any platform.
This document will help users understand the system supplied demo depreciation methods. It does not cover all combinations, but will help with the combinations that are usually used. Oracle does not provide tax or accounting advice. Please consult a tax accountant or tax lawyer to verify that the depreciation calculated by these samples are in accordance with current business depreciation requirements and are the appropriate ones to use.
There are sample or demo depreciation rules that are included in the software. Some customers use these methods exclusively and do not attempt to create their own rules. Other customers need modifications to these rules or need to create rules that are specific to their needs. This document explains the common demo depreciation rules that come predefined with the software. It should help define the rules that can be used. This document will review the standard depreciation methods, along with their initial term of apportionments, compute directions and life months as provided. Most standard depreciation methods have limitations and have to be combined with certain elements to calculate the correct depreciation. Not all combinations that are included in the demo files are valid and not all available combinations have been listed. This list may assist in clarification of the various combinations that can be used. If the needed rule isn't listed, review the other KM documents that are available to determine if there is already a KM Document that addresses the issue. These newly created rules aren't included in the demo depreciation rules, but the document will describe the setup needed to calculate the values. If the rule can't be found in the sample or demo depreciation rules, or in any of the KM documents, please open a Service Request with Oracle Software Support and so it can be determine if the desired calculated value is possible when using the User Defined Depreciation R12855 program. To review the rules listed that are part of the demo data and are addressed in this document, navigate to menu G1232, Setup User Define Depreciation and access Depreciation Rule Revision (G1232/P12851). If there is an issue with a depreciation method that is being used, review this KM document to determine if a valid combination is being used. If everything looks correct, please open a Service Request with Oracle Software Support so that the depreciation rule and results can be evaluated.
This document will help explain some of the demo depreciation methods that are included in the software. Some of the listed demo rules are rules that are currently needed for completing U.S. Federal Tax Returns and other rules listed are rules that are no longer used. By listing the rules that are included in the software it should display the capabilities of the software and give users an idea of some of the amounts that can be calculated. Once the demo rules are understood, it should make it easier for users to create their own custom rules.
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