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Japan Tax Depreciation (Doc ID 2857223.1)

Last updated on MARCH 27, 2022

Applies to:

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


Is it possible to depreciate assets with an acquisition cost of less than JPY 200.000 yen in equal amounts over three years as per local Tax requirement irrespective of the life and depreciation method defined in asset category?

For example:

Example Corporate Book Tax Book Normal Scenario (In TAX book) Requirement for tax book Comments
Depreciation Method Straight Line Straight Line Straight Line Straight Line  
Asset Life 6 years 5 years 5 years 3 years For all assets whose purchase price is less than JPY 200.000



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