R12.1: Depreciation Limit / Depreciation Ceiling is Not Taken Into Consideration In the Last Period of Depreciation
(Doc ID 1985751.1)
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.
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