Japanese Depreciable Assets Tax Reports Shows Start Cost to Double When CIP Asset Was Reclassed

(Doc ID 2137624.1)

Last updated on MAY 23, 2016

Applies to:

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

Symptoms

In Japanese Depreciable Assets Tax Reports(RXFADPTX), start cost becomes doubled when CIP Asset was reclassed.


Summary
1. Reclass to CIP Asset
2. Capitalize CIP Assets with DPIS which is past than reclass date and the past year including 01-JAN-YYYY.
3. Run Japanese Depreciable Assets Tax Reports
--> Showing start cost to double wrongly


Steps to Reproduce
///////// 2013 /////////////////////////////////////////////
1.  2013-12 *** [Corp] Addition
    
    Asset Type                  : CIP
    Category                    : TEST.1
    Location                    : NY
    Cost                        : 6630000
    YTD depreciation            : 0
    Accumulated depreciation    : 0
    Date in Service             : 01-DEC-2013
    Depreciation method         : JP-250DB 4
    Salvage value               : 0
    Depreciation limit amount   : 1

///////// 2014 /////////////////////////////////////////////
2.  2014-03 *** [Corp] Reclass

    Category
    --------------------------
    TEST.1  ->  TEST.2
    --------------------------

3.  2014-03 *** [Corp] Capitalize CIP Assets

    (N)Assets > Capitalize CIP Assets
    ----------------------------------------------
    Date in Service             : 01-JAN-2014
    ----------------------------------------------

4.  2014-03 *** [Tax] Add to Tax Book

    Category                    : TEST.2
    Location                    : NY
    Cost                        : 6630000
    YTD depreciation            : 0
    Accumulated depreciation    : 0
    Date in Service             : 01-JAN-2014
    Depreciation method         : JP-DB 10YR


5. 2014-03 *** [Tax] Run Japanese Depreciable Assets Tax Reports

    Parameter:
    Year                   : 2015
    Start State            : NY
    End State              : NY
    Start Tax Asset Type   : 1
    End Tax Asset Type     : 6
    Sale Code              :
    Summary Report         : Yes
    All Assets Report      : 132
    Addition Assets Report : 132
    Decrease Assets Report : Yes
    Rounding of Depreciation Salvage Ratio : Yes
    Rounding of Evaluated NBV : Round Nearest

Japanese Depreciable Assets Tax Summary Report :::

[Current Behavior]
Type Addition Before Prior Year Decrease in Prior Year Addition in Prior Year
---- -------------------------- ---------------------- ----------------------
   1                   13260000               13260000                      0
   2                   13260000                6630000                      0


[Expected Behavior]
Type Addition Before Prior Year Decrease in Prior Year Addition in Prior Year
---- -------------------------- ---------------------- ----------------------
   1                    6630000                6630000                      0
   2                          0                      0                6630000

 

Data :::


Cause

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