Depreciation Adjustment In Revaluation Loss Reversal During Upward Revaluation
(Doc ID 2803226.1)
Last updated on AUGUST 30, 2021
Applies to:Oracle Fusion Assets Cloud Service - Version 11.13.21.01.0 and later
Information in this document applies to any platform.
On : 11.13.21.01.0 version, Revaluations
Customer reported the following:
- Depreciation Adjustment in Revaluation Loss Reversal during upward revaluation. This is a specific UK Local Government Authority requirement wherein if revaluation loss is booked for 100000.00 in 2017 and now upward revaluation is done on the same asset with the amount of 250000.00 then system should not reverse the full loss of 100000.00.
It should only reverse loss of 100000.00 - excess depreciation which system would have charged if downward revaluation would not have done in 2017.
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