How to adjust an asset effective from current period, without catch-up depreciation on Depreciation Reserve and YTD Depreciation?
(Doc ID 2446086.1)
Last updated on JULY 31, 2020
Applies to:Oracle Fusion Assets Cloud Service - Version 11.13.18.02.0 and later
Oracle Fusion Assets - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
When adjusting the useful life (UL) of an asset, the system would normally post corrective adjustments to the depreciation reserve and YTD depreciation in the period of adjustment, to reflect the amounts which would have been if the UL life was originally different.
If you do not want this, the following solution will explain how to set the system to depreciate the NBV during the remaining life of the newly adjusted UL.
How to adjust an asset effective from current period, without catch-up depreciation on Depreciation Reserve and YTD Depreciation corresponding to past periods?
For example: How to change the life of an asset without having the Depreciation Reserve and YTD Depreciation adjusted with catch-up depreciation?
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