SORP - Incorrect Recoverable Cost After Revaluation Done on Non-Depreciable Asset (Doc ID 2100094.1)

Last updated on JANUARY 26, 2016

Applies to:

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

Symptoms

On : 12.1.3 version, Mass Revaluation

ACTUAL BEHAVIOR
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After performing a downward revaluation on an asset with salvage value equal to NBV , in a UK Local Authority
Accounting for Assets enabled book, the recoverable cost becomes negative. Asset has depreciate flag = No


STEPS
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The issue can be reproduced at will with the following steps:

1. Perform adjustments on the asset so that salvage_value would be equal to adj cost
2. In a subsequent period, enter negative revaluation


Cause

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