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Unable to Book/activate Contract - Salvage Value should not be Greater than Asset/Depreciation Cost (Doc ID 2341637.1)

Last updated on DECEMBER 04, 2019

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, Lease Authoring

When attempting to book a direct finance lease (with tax owner as lessor) having Zero cost for tax books and negative adjustment applied to assets,
the following error occurs.

ERROR
-----------------------
Salvage value should not be greater than Asset/Depreciation Cost


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create a DF Lease contract
2. Change the cost for tax books to 0.
3. Apply a negative adjustment to a couple of the assets.
4. Try to activate the contract and receive the above error.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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