Oracle Assets contains multiple depreciation calculation rules for standard straight line method depreciation. Other generic depreciation methods used world-wide are also available and can be used to manage assets out of the box.
You can also define additional rate tables and formulas for specific requirements that your business might need.
When running depreciation you have an option to close the period for a specific Asset Book. Once a period is closed for an Asset Book it cannot be re-opened again.
The rollback feature is built into the system, and is not a separate process. When you make an adjustment to an asset after calculating depreciation, the system performs a rollback for that asset. You can then rerun the Depreciation calculation (for that one asset) and any others you may have added.
You must not have closed the period to be able to perform this adjustment.
You can run depreciation projections that are estimates of the actual depreciation expense. You can project the...