Japan Depreciation Adjustment for DB Method in Corporate Tax Book, Release 12 (Doc ID 1666987.1)

Last updated on APRIL 09, 2024

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.

NOTE: In the images below and/or the attached document, user details / company name / address / email / telephone number represent a fictitious sample (based upon made up data used in the Oracle Demo Vision instance). Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.

Purpose

This information is applicable to customers using Japanese features in Oracle E-Business Suite, Oracle Assets, Release 12 and includes information on the following:

Japan Depreciation Adjustment for DB Method in Corporate Tax Book

Scope

Intended Audience:

Japanese companies who need to follow the specific depreciation rule that is legislated by the Japanese tax law for Japanese declining-balance methods. For example, the specific need to adjust depreciation amount at the end of the fiscal year in the corporate tax book if the NBV at the end of the fiscal year in the corporate book is higher than the tax book.