Contract Booking Error: "Salvage value should not be greater than Asset/Depreciation Cost"

(Doc ID 1149831.1)

Last updated on SEPTEMBER 28, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.1.2 and later
Information in this document applies to any platform.
Checked for relevance on 04-SEP-2013

Symptoms

When tying to book a Direct Finance lease, after updating the contracts depreciation amount to zero, the following error occurs.

Also when importing Contracts with Tax_Cost=0, and creating an Adjustment , contract fails at submit step with following error:

Salvage value should not be greater than Asset/Depreciation Cost.

Changes

 

Cause

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