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Reinstatement of Assets with Bonus Rules type "Change in Cost" Does Not Reinstate the Bonus Depreciation Amounts (Doc ID 2659149.1)

Last updated on APRIL 14, 2020

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.19.07.0 and later
Information in this document applies to any platform.

Symptoms

After retiring an asset with 50% Bonus Rule in one period, then reinstating it in the next period, the Bonus Depreciation Reserve and Bonus YTD Depreciation amounts do not get reinstated to their original amounts.

This issue occurs for assets with Bonus Rules having calculation basis = 'Change in Cost', which have been assigned to the Tax Book using FBDI spreadsheet as already having bonus depreciation reserve.

Steps to reproduce:

  1. add assets to Tax Book using FBDI Mass Additions spreadsheet. In the spreadsheet, the user will fill in the Bonus Depreciation Reserve and YTD Bonus Depreciation.
  2. close 1 or more periods
  3. retire the asset
  4. close 1 or more periods
  5. reinstate the asset
  6. notice that after the reinstatement the Bonus Depreciation Reserve and YTD Bonus Depreciation are 0. These fields should reflect the amounts the asset had prior to the retirement.

Example:

Before retirement:
- Bonus Depr Reserve = 9092.5
- Bonus YTD Depr = 0

After reinstatement:
- Bonus Depreciation Reserve: 0.00
- YTD Bonus Depreciation: -9,092.50

Cause

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In this Document
Symptoms
Cause
Solution
References


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