R12.1: Depreciation Limit / Depreciation Ceiling is Not Taken Into Consideration In the Last Period of Depreciation
Last updated on MARCH 26, 2018
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
When an asset has a flat rate depreciation method and is using depreciation ceiling, depreciation does not take into consideration the depreciation ceiling in the last period of depreciation. Thus, after depreciation, the depreciation reserve is the same as the cost.
Expect that in the last period of depreciation, depreciation reserve should stop at cost - the depreciation ceiling amount or percentage.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms