My Oracle Support Banner

How to Retire an Asset in Current Period without Reversing Current Period Depreciation (Doc ID 2804830.1)

Last updated on SEPTEMBER 08, 2021

Applies to:

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

Goal

How can an asset be retired in the currently open period and still take the open period's depreciation amount?

The system will not take depreciation expense for the period into which the retirement transaction is prorated, which is normally the same period as the retirement's transaction date.
 

Solution

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
Goal
Solution


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