Use a Life in Periods Depreciation Method

Oracle Assets lets you to enter and maintain the life of assets by the number of asset calendar periods rather than calendar years and months. The asset cost will be amortized equally over the calendar period life.

You can also depreciate subcomponent assets by periods.

When you perform an asset inquiry on the asset, the results show the asset life and remaining life in periods.

Scenario

In this example:

• Has a fiscal year from January to December with 13 periods

• Acquired machinery for $7800.00

• The estimated useful life of the machinery is 39 periods

• The periodic depreciation is 7800/39 = $200

Note: The life in years and months won't be tracked for assets that use this method for depreciation. Standard reports show the life in years and months with a decimal (for example, 12.00) and the life in periods without a decimal (for example, 39).