Impairments Not Reflected On Rxi Fixed Assets Book Report
Last updated on MARCH 19, 2018
Applies to:Oracle Assets - Version 12.0.6 and later
Information in this document applies to any platform.
The RXI Fixed Assets Book report does not show the true NBV of an asset after an impairment has occurred and has been posted.
NBV = Cost - Salvage Value - Depreciation Reserve - Accumulated Impairment
NBV = 150,000 - 0 - 100,000 - 20,000
Asset Workbench and impairment report show correct NBV of 30,000 .
However, RXI Fixed Assets Book shows NBV as Cost - Salvage Value - Depreciation Reserve:
150,000 - 0 - 100,000 = 50,000 (it does not include the impairment amount of 20,000).
This is a reporting issue.
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