My Oracle Support Banner

Incorrect Salvage Value Type For An CIP Asset In TAX Book (Doc ID 2066746.1)

Last updated on MARCH 16, 2020

Applies to:

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


On : 12.1.3 version, FA Addition

Incorrect Salvage Value Type for an CIP Asset in TAX Book

When an CIP asset is added with 0 cost value, system ignores category defaults of the TAX book and adds the asset with Salvage Type = 'Amount' although it's set to "Percent".

As a result the salvage value is not maintained through the subsequent cost adjustment and the asset shows incorrect salvage value after capitalization which again impacts depreciation calculation, reporting, etc...

The issue is the same for Manual Additions and Mass Additions Post.

Expect tax book should be in sync with corporate book

Steps to Reproduce:
1. Setup corporate and tax book with following Tax Rules options:
- Allow CIP Assets
- Allow Mass Copy:
- Copy Additions
- Copy Adjustments
- Copy Retirements
- Salvage Value: Copy

2. Setup a category for both books with a Default Salvage Value: 15%

3. Enter a CIP asset into the Corporate Book with 0 Cost

4. Review Financial Information of the entered asset and observe
  - Corporate Book shows Salvage Value Type: Percent
  - Tax Book shows Salvage Value Type: Amount

The #4 causes salvage value being out of sync between the corporate and the tax after cost adjustments entered in the corporate book.

The issue has the following business impact:
Due to this issue, users cannot have the assets sync in tax and corp


To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!

In this Document

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.