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How to Set Up Depreciation Method for Italy Tax Book? (Doc ID 2536846.1)

Last updated on DECEMBER 10, 2019

Applies to:

Oracle Fusion Assets Cloud Service - Version and later
Information in this document applies to any platform.


You have the following tax book requirement for Italy:

- Daily depreciation
- In first year of life basis of depreciation is 50% of cost.
  In the following years basis of depreciation is 100% of cost

Example based on daily depreciation:

Cost 900, life 3 years, DPIS 01.01.XX

1. Year: 450 / 3 / 365 = 0,41 per day – Depr. Year is 0,41*365 = 149,66
2. Following years: 900 / 3 / 365 = 0,82 per day – Depr. Next is 0,82*365 = 299,30

You have set up the Tax Book with:

Depreciation Calendar: MONTHLY
Prorate Calendar: DAILY
Divide Depreciation: BY DAYS
Prorate Convention: DAILY

Which depreciation method should be used to complete the requirements?


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