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1. Choose Accounting Rules from the poplist in the Book Controls window.

2. Check the Allow Amortized Changes check box to allow amortized changes in this book.

3. Choose Allow Mass Changes to allow mass changes in this book.

Note: Oracle Assets does not allow mass change to assets for which you have entered unplanned depreciation. See: Unplanned Depreciation.

4. Enter the minimum time you must hold an asset for Oracle Assets to report it as a capital gain when you retire it. If you want Oracle Assets to report a capital gain for all assets when you retire them, enter zero for the threshold.

If you hold the asset for less than the threshold, Oracle Assets reports it as ordinary income.

5. If you choose to Allow Revaluation, specify revaluation rules:

Revalue Accumulated Depreciation If you do not revalue accumulated depreciation, Oracle Asset transfers the accumulated depreciation to the revaluation reserve account upon revaluation.

Maximum Revaluations Enter the maximum number of times an asset in this book can be revalued as fully reserved. If you leave this field blank, Oracle Assets does not limit the number of times you can revalue an asset as fully reserved.

Life Extension Factor Enter the life extension factor for fully reserved assets in this book. Oracle Assets multiplies the life extension factor by the asset original life to determine the asset's new, extended life.

Life Extension Ceiling The life extension ceiling limits the depreciation adjustment when revaluing fully reserved assets.

Revalue Salvage Value Specify whether to recalculate the salvage value when you revalue the asset cost in this book.

6. Specify Tax Rules.

Check Allow Reserve Adjustments if you want to allow changes to the accumulated depreciation in your tax book.

You can Allow Cost/Expense Ceilings in a depreciation book; however, you cannot apply a cost ceiling and an expense ceiling to the same asset in a depreciation book.

7. If you choose to Allow Mass Copy into this tax book, choose whether to copy additions, adjustments, retirements, and/or salvage value.

8. Enter natural accounts for your book.

See Also

Depreciation Rules (Books)

Determine Adjusted Accumulated Depreciation

Tax Credits

Tax Book Maintenance