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How to Use Tax Workbench for Depreciation Adjustments (Doc ID 2199580.1)

Last updated on AUGUST 25, 2020

Applies to:

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


This document describes how to use Tax Workbench to complete Tax book Depreciation Adjustments

Per Oracle Asset User Guide Section "Adjusting Tax Book Accumulated Depreciation"

If your tax authority requires you to change the depreciation taken for an asset in a previous fiscal year, you can adjust the depreciation for one or more assets for that year
in your tax book. When you perform the change, Oracle Assets adjusts the depreciation for the year you make the change and all subsequent years up to the current fiscal year.
If you make an expensed adjustment to an asset after you perform a reserve adjustment on it, Oracle Assets recalculates the asset's depreciation using the depreciation
limitations created by the reserve adjustment. For assets using the flat-rate method, Oracle Assets recalculates depreciation expense for each year the asset was in service
except the year in which you made the reserve adjustment. For that year, depreciation remains the same.



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