Step 23 - Define Additional Depreciation Methods and Rates (Optional)

Depreciation methods specify how to spread the asset cost. Oracle Assets includes many standard depreciation methods, and you can define additional methods in the Methods window, if necessary.

Life-Based Depreciation Method	Oracle Assets includes standard life-based depreciation methods and rates. However, you can define additional life-based methods.
Flat-Rate Depreciation Method	You can define additional flat-rate methods, such as Diminishing Value. You can define your methods to calculate depreciation using either the net book value or the cost of the asset.
Bonus Depreciation Rules	Use the Bonus Depreciation Rules window to enter bonus rates for your flat-rate depreciation methods. Bonus rules allow you to take additional depreciation in the early years of an asset's life.
Units Of Production	You can define a units of production method so you can calculate depreciation for an asset based on actual production or use for the period.

See: Defining Additional Depreciation Methods and Defining Bonus Depreciation Rules.