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

Last updated on MARCH 07, 2023

Applies to:

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


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.


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