Fixed Assets, changing a depreciation method.


Reputable Poster
We are on E1 9.0, tools 8.98.42.

Our accounting department has made the following request. We have an asset for example that had a life of 3 years and has been depreciated for 2 years with one year remaining. The original value was 600 dollars, and now the net book value is 200. They would like to change the life of this asset from 3 years to 5 years, so there are now 3 remaining, but depreciate the current value over the next 3 years without recalculating the past depreciation.

I believe if we just change the life of the asset to 5 year and run depreciation it will recalculate the past depreciation based on the new life. We do not want to do that. We want to leave the past depreciation as it is but depreciate the current value over the new remaining life of the asset.

Oracle has provided the attached document 1390275.1 which seems to address a solution. The solution basically is to create a new depreciation rule and method and assign that to this asset.

Has anyone else had a need to do somthing like this? Any ideas or comments would be appreciated.