Impairment Gain Can be Entered and Posted on an Asset
Last updated on MARCH 14, 2017
Applies to:Oracle Fusion Assets Cloud Service - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
User is able to enter impairment gain against asset using ADFDi CreateImpairment spreadsheet where net selling price > carrying cost and post the transaction.
Asset Inquiry shows no details of the impairment transaction.
A Basic Asset trace for the "impaired" asset shows the POSTED transaction in FA_IMPAIRMENTS but no trace in FA transaction tables.
The system should prevent impairment gain to be entered in the spreadsheet OR Preview should fail as the the goal of impairment is to ensure that an asset is not carried at more than its recoverable cost.
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