Accumulated Depreciation Is Re-Set for a Tax Asset That Was Fully Depreciated

(Doc ID 1981492.1)

Last updated on MARCH 01, 2018

Applies to:

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

Symptoms

Accumulated Depreciation is re-set for a tax asset that was fully depreciated (fully reserved).

View Financial Information shows:


1) Before depreciation run of DEC-13:
Tax book shows NBV = 0 and accumulated depreciation = 82


2) After JAN-14 depreciation run:
Tax Book shows deprn amount = 0. However, NBV = 81.84 and accumulated depreciation = .16

Correct values should be NBV = 0 and accumulated depreciation = 82


Cause

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