SICOM: Depreciation Calculation In Tax Book Based On Asset Cost/NBV Threshold Value.
Last updated on MARCH 08, 2017
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Depreciation calculation is based on threshold amount of Asset Cost or Net Book Value.
If Asset Cost/NBV is greater than Threshold Amount, depreciation calculation should be based on the threshold amount only.
If Asset Cost/NBV is below a Threshold Amount, full asset cost/NBV is charged as depreciation for the current year.
Is there a setup in Oracle Assets which can enable us to implement the above?
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