Accumulated Depreciation Is Re-Set for a Tax Asset That Was Fully Depreciated
Last updated on MARCH 01, 2018
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
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
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