Under What Conditions will Cost - Depreciation Reserve Not Equal Zero when a Fully Reserved Asset is Retired?
(Doc ID 2812918.1)
Last updated on OCTOBER 07, 2021
Applies to:Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.
User is retiring a fully reserved asset. Expectation is Cost less Depreciation Reserve will always equal zero in this case. Is this a valid assumption?
Steps to Replicate:
Using Fixed Assets Manager or similar responsibility:
Menu path: Assets -- Assets Workbench
1) Query up an asset which is no longer depreciating as it is fully reserved
2) Choose the Retirements button
3) Enter full cost to retire
5) Run Calculate Gains and Losses to realize the retirement
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In this Document