Set Up Oracle Assets Part II

This is part II of Oracle Assets Set up. Check part I if you missed it. Our depreciation convention is to fully depreciate asset for 1yr for any additions. Depreciation is also not accounted on year of retirement.

Next is creating a corporate Depreciation Book.
Leave the Allow Purge unchecked and check it on/off at time of purging only.
Allow for GL Posting
I chose to divide depreciation evenly to each period.
Choose whether to depreciate assets in this book that are retired in their first year of life.

Accounting Rules