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New Feature On 24C : Annuity Depreciation Method (Doc ID 3022005.1)

Last updated on MAY 10, 2024

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.24.04.0 and later
Information in this document applies to any platform.

Goal

 Annuity Fixed Assets Depreciation Method feature is available in Release 24C which allows you to configure and assign annuity depreciation methods to fixed assets using the formula-based depreciation method.
The annuity depreciation method amortizes the cost of the fixed asset over its useful life and calculates the amount of interest lost on the capital expenditure. In every period, Fusion Assets calculates both the depreciation expense and interest expense.
This document provides details about how to implement this feature in Fusion Assets.

Solution

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In this Document
Goal
Solution

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