A bonus rule can have a different bonus rate for each year of the asset's life. You can modify the rate at any time for current and future fiscal years.
You can use bonus rules with corporate books as well as tax books. Bonus rates let you increase the annual depreciation expense for assets using flat-rate, straight-line, table-based, and formula-based depreciation methods. Oracle Assets also allows you to set up negative bonus rates to amortize bonus reserve.
For reporting purposes, you can set the bonus year and rate to 0. Oracle Assets does not calculate any bonus expense.
You can use the One-Time Depreciation check box to limit bonus rules to one fiscal year.
Note: After assigning a bonus rule to an asset, it cannot be removed. The solution is to set up a bonus rule with 0 rate and assign it to the asset or the category default.
Open the Bonus Depreciation Rules window.
Enter a Bonus Rule name and description.
Check the One-Time Depreciation check box, if applicable.
Enter the fiscal year range of the asset life to which the bonus rate applies.
Enter the bonus rate for each fiscal year range.
If you are setting up a bonus rule for use with Polish tax depreciation, enter a depreciation factor and an alternate depreciation factor. When you enter either a depreciation factor or an alternate depreciation factor, the value in the Rate % field is automatically set to 0%.
Note: You need to ensure the depreciation factor and alternate depreciation factor are set up appropriately. Oracle Assets does not validate that the factor is between a predetermined range.
Save your work.