Bonus Depreciation Frequently Asked Questions
(Doc ID 1106288.1)
Last updated on NOVEMBER 08, 2022
Applies to:Oracle Assets - Version 18.104.22.168 and later
Oracle Fusion Assets Cloud Service - Version 11.13.21.01.0 to 11.13.21.01.0 [Release 1.0]
Information in this document applies to any platform.
This FAQ document identifies the most frequently reported questions and common issues relating to the Oracle Assets bonus depreciation.
Questions and Answers
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In this Document
|Questions and Answers|
|1) How to disable a bonus depreciation rule?|
|2) How is Polish tax depreciation related to bonus depreciation?|
|3) What is the use of the one time check box while defining the bonus rule?|
|4) What is the use of the Depreciation Factor and Alternate Depreciation Factor while defining the bonus rule?|
|5) What is the combined list of patches for the Bonus AMT MACRS Methods Job Creation and Worker Assistance Act on 11i?|
|6) Why is there an error when trying to remove the Bonus Rule: ''FRM-40202: Field must be entered''?|
|7) Why are bonus depreciation methods introduced for the Jobs and Growth Tax Relief Reconciliation Act of 2003 and the American Jobs Creation Act of 2004 missing in a new R12 or R12.1 installation & 12.2?|
|8) Why are certain MACRS bonus depreciation methods (30B/50B) no longer available in R12? In previous Oracle versions (Release 11 and 11i), Patch 2978998 was available to resolve this issue. What is the patch to apply for R12?|
|9) There is incorrect bonus information after a backdated addition with bonus in Release 12.|
|10) In Release 12, when a retirement journal is generated in General Ledger, there are no bonus reserve journal lines when an asset with bonus deprecation is retired and Workflow is used.|
|11) When entering bonus depreciation rules, getting the following error: ''Your First Bonus Rate Must Begin with Year 1''|
|12) When attempting to do a mass reclassification, some assets fail with the following error: Error: Unable to update bonus rule in fa books table|
|13) Is bonus depreciation functionality available for group assets?|
|14) How is bonus depreciation calculated?|
|15) How to implement the 100% bonus depreciation US tax law signed Dec 17 2010?|
|Still Have Questions?|