assets in this book and category

Method: Enter the depreciation Method that you normally use for assets in this book and category: Life-based: If you enter a life-based method, you must enter the asset Life in Years and Months. The method you enter must have the same number of periods as the prorate calendar for this book. Flat-rate: If you enter a flat-rate method, you must enter default values for the Basic Rate and Adjusted Rate that you normally use to depreciate assets in this book. Units of production: If you enter units of production method, you must enter the unit of measure (UOM) and production Capacity that you normally use to depreciate assets in this book and category. Bonus rule: Enter the bonus rule that you normally use for assets in this book and category. You can use bonus rules for corporate books and tax books, using all depreciation methods except UOM.

Prorate convention and retirement convention: Enter the Prorate Convention and Retirement Convention that you normally assign to assets in this book and category.

Default salvage value: If you chose Use Default Percent from the Salvage Value pop list. Controls window for this book, you can enter a Default Salvage Value percentage for this category, book, and range of dates placed in service. For example: if you want the salvage value to default to 10% of the cost, enter 10 in this field. When you perform transactions affecting asset cost, Oracle Assets uses this default percentage to calculate the salvage value according to the following formula: Salvage Value = Cost? Default Percentage

Ceiling: If you are defining this category for a tax book, optionally enter either a depreciation expense or cost ceiling. Price index: Enter a Price Index if you want to run reports that use the revalued asset cost to calculate gains and losses.

Straight Line For Retirements: Check Straight Line for Retirements if you are setting up an asset category with a 1250 property class in a tax book. Oracle Assets uses a straight-line depreciation method in determining the gain or loss resulting from the retirement of 1250 (real) property. If you check Straight Line for Retirements, enter the straight-line depreciation
Method and Life you want to use for the Gain from Disposition of 1250 Property Report. This is the default method for your asset in the Retirements window and in the tax book if you use mass copy.