Multiple Depreciation Books and Methods

You can maintain multiple sets of depreciation books for an asset. You can depreciate assets in different ways for different purposes. For example, you might set up the books for an asset to reflect a three-year life for taxation purposes and a five-year life for financial statement purposes. Or you might have a set of depreciation books for different currencies.

For each set of books that you maintain for an asset, you can assign either a user-defined depreciation method or one of the provided predefined depreciation methods, in addition to null depreciation.

You can calculate depreciation daily, weekly, monthly, quarterly, or annually. You can also base the depreciation calculations on a 4-4-5 fiscal pattern or a 13-period pattern.