Last updated on JULY 20, 2017
Applies to:Oracle Assets - Version 18.104.22.168 and later
Information in this document applies to any platform.
FADEPR: Depreciation Program
Oracle Assets provides the Depreciable Rules feature to enhance the depreciation method setup provided by Cost or NBV calculation basis. The combination of depreciable basis rule and depreciation method determine how depreciable basis and depreciation expense are derived. As of now, 11 depreciable basis rules are available and one of them is "Beginning Period Balance".
"Beginning Period Balance" basis can be used in situations where the business does not want to account any depreciation amount in the period of addition. This basis is available both with flat and formula method and with the calculation basis of both Cost and NBV. The formula below is used to calculate depreciation when this basis rule is used.
Current Period Depreciation Expense for Beginning Period Balance =
(Asset Balance at Beginning of Period *Annual Depreciation Rate)/ Periods Per Year
This document explains the depreciation calculation for the Flat method with both Cost and NBV basis.
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