Reclassified Assets Retainin Properties Of Old Category (Doc ID 1948307.1)

Last updated on NOVEMBER 03, 2016

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

Reclassification of an asset where source category does depreciate and where target category does not depreciate (depreciate flag = No), does not result in an asset which no longer depreciates.
Impact is also this may not be identified/realized instantly and financial impact will be there as the asset does not get a catchup correction (negative expense) and it will continue to increase its reserve taken.
 

Solution

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