How to Revalue Asset Cost Without Changing Depreciation Reserve?
(Doc ID 1948542.1)
Last updated on NOVEMBER 20, 2023
Applies to:Oracle Assets - Version 12.1 and later
Information in this document applies to any platform.
Oracle Fixed Assets provides two methods of revaluation that would impact accumulated depreciation.
If the 'revalue depreciation reserve' option is checked, the accumulated depreciation is revalued with the same percentage as the cost.
If this option is not checked, the depreciation reserve becomes zero and the balance is transferred to the revaluation reserve.
The business requirement is to revalue the assets in such a way that accumulated depreciation is not revalued nor transferred to the revaluation reserve. Instead, the accumulated depreciation should remain unchanged after the revaluation and the total increase in cost should be credited to the revaluation reserve account, which should then be amortized over the remaining life of the asset. How can this be achieved?
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