[OASIS Issue Tracker] Created: (ICOM-8) Salvage definition varies

[OASIS Issues Tracker <workgroup_mailer@lists.oasis-open.org>]

Salvage definition varies
-------------------------

                 Key: ICOM-8
                 URL: http://tools.oasis-open.org/issues/browse/ICOM-8
             Project: OASIS Integrated Collaboration Object Model for Interoperable Collaboration  Services (ICOM) TC 
          Issue Type: Bug
            Reporter: Patrick Durusau


AMORDEGRC - salvage	The value of the asset at the end of the depreciation life time.

AMORLINC - salvage		The value of the asset at the end of the depreciation life time.

DB - salvage: the salvage value at the end of the lifeTime.

DDB - salvage: the salvage value at the end of the LifeTime (often 0)

SLN - Salvage: the salvage value at the end of the LifeTime (often 0)

SYD - Salvage: the salvage value at the end of the LifeTime (often 0)

TWO Questions:

1) Should the uniform definition of salvage read:

the value of an asset at the end of a depreciation period.

(Leaving it open as to whether the value is being calculated at the end of some interim period or at the end of all depreciation on an asset.)

2) Should the value of an asset at the end of any depreciation period be allowed to be a negative value? That is < 0? I have a very dim memory of some tax transactions that could result in negative salvage values but we would need to ask someone with current expertise.

-- 
This message is automatically generated by JIRA.
-
If you think it was sent incorrectly contact one of the administrators: http://tools.oasis-open.org/issues/secure/Administrators.jspa
-
For more information on JIRA, see: http://www.atlassian.com/software/jira