ACE Reports
Assets Update Report
Use this report to review the information that Oracle Assets compiled when you populated the ACE conversion table. You can also use it to review the information you have manually loaded into the ACE conversion table. If the Update Flag is Yes on this report, it prints the depreciation method, life, and prorate convention Oracle Assets will assign to your assets in the ACE book when you update the ACE book.
Selected Headings
Adjusted Cost: The depreciable basis that the depreciation program uses to calculate depreciation. The depreciable basis is updated when you adjust financial information, revalue the asset, enter retirements, or assign investment tax credits.
Rate Adjustment Factor: The rate adjustment factor resulting from any amortized adjustments or revaluations. The depreciation program uses this number to calculate depreciation for assets with amortized adjustments or revaluations.
This report shows the difference in year-to-date depreciation between the federal, AMT, and ACE tax books through the period you specify. If an asset depreciates under an ACRS method, Oracle Assets lists the difference between the federal tax book and the ACE tax book as of the period you requested. If the asset depreciates under a MACRS method, the report lists the difference between the AMT tax book and the ACE tax book as of the period you requested.
The report compares year-to-date depreciation for the books through the End Period you select. You also must enter an ACE, Federal, and AMT Book to run this report.
The report is sorted by balancing segment, federal book depreciation method, category, and asset number. It prints totals for each category, depreciation method, and balancing segment.
Selected Headings
Use Book: The book used to calculate the difference in year-to-date depreciation.
Difference: The difference in year-to-date depreciation between the ACE tax book and the book printed in the Use Book column.
Use this report to review the assets that Oracle Assets cannot update according to the ACE rules because you do not depreciate the asset in the federal tax book.
Use this report to review the assets that Oracle Assets cannot update according to ACE rules because the ACE program cannot recognize the asset's depreciation method code in the federal tax book. It cannot recognize methods that do not begin with ACRS or MACRS. This report only shows assets placed in service before the end of fiscal 1989.
See Also
Updating an ACE Book with Accumulated Depreciation
Adjusted Current Earnings (ACE)
ACE Interface
