Defining Depreciation Books
You can define corporate, tax, and budget depreciation books. You must set up your depreciation books before you can add assets to them. You can set up multiple corporate books that create journal entries for different general ledger sets of books, or to the same set of books. In either case, you must both run depreciation and create journal entries for each depreciation book. For each corporate book, you can set up multiple tax and budget books that are associated with it.
Prerequisites
To define a depreciation book:
1. Open the Book Controls window.
2. Enter the name of the book you want to define.
Suggestion: The name you enter appears in List of Values windows which allow no more than 12 spaces. You may want to limit your name to 12 characters.
3. Enter a brief, unique description of the book.
4. Choose a Corporate, Tax, or Budget book class.
See Also
Setting Up Asset Categories
Using the Account Generator to Generate Account Combinations
Depreciation Rules (Books)
Oracle Assets System Setup