Last updated on JUNE 14, 2017
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
Gain / Loss Amount was not generated correctly on asset retirement
Expect: Gain/Loss = Proceeds of Sale - Cost of Removal - Net Book Value Retired + Reserve Retired
but Reserve Retired is not being considered.
OR Salvage value is not accounted for in calculation of reserve amount to retire for retired asset (ie Reserve Retired incorrect)
Steps to Reproduce for G/L scenario:
1.Add Asset *** Aug-2013
|YTD depreciation amount||0|
|Accumulated depreciation amount||0|
|Depren method||JP-DB 8YR (0.25)|
|Salvage value||410000 (10 %)|
|Depreciation limit amount||205000 (95%)|
* Generated Expense : 3895000
And this assets is fully reserved.
2.Partial Retirement *** Sep-2013
|Retirement Convention||Monthly Convention|
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms