How To Revalue Net Book Value Instead of Cost?
(Doc ID 2100584.1)
Last updated on APRIL 04, 2023
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
There are two options for revaluation regarding cost and accumulated depreciation:
The option in book controls "Revalue Accumulated Depreciation" controls whether accumulated depreciation is revalued or is transferred to revaluation reserve. There is not any option to control the cost, so when the revaluation is done, the cost is always: New_Cost = Cost * (1+Rev_Factor).
How can the NBV be revalued (cost - accumulated depreciation), so that the revalued cost = NBV * (1+Rev_factor) and the difference between revalued and unrevalued cost is gone in the revaluation reserve?
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