Fixed Assets FAQ Impairments
(Doc ID 376919.1)
Last updated on APRIL 08, 2020
Applies to:Oracle Assets - Version 184.108.40.206 and later
Information in this document applies to any platform.
This FAQ document identifies the most frequently reported questions related to the Oracle Assets Impairment functionality.
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In this Document
|Questions and Answers|
|1. What does 'Impairment' mean ?|
|2. What is a 'Carrying amount' ?|
|3. What does the 'Recoverable amount' represent ?|
|4. What is the 'Fair Value' of an asset ?|
|5. What is the 'Value in Use' of an asset ?|
|6. What does a Cash-Generating Unit represent ?|
|7. How to identify an asset that may be impaired ?|
|8. From which patch level is Impairments functionality available ?|
|9. How to set up Impairments ?|
|10. What is the impairments workflow in Oracle Assets ?|
|11. Can impairments be posted for a closed period or if depreciation has been run ?|
|12. For the same Impairment record, can the Asset Number and the Cash-Generating Unit be used ?|
|13. Will Impairments with status "New" be posted ?|
|14. Can Impairments that were posted in a previous period be rolled back ?|
|15. Can posted Impairments be deleted ?|
|16. In what period will the Impairment effects regarding depreciation calculation occur ?|
|17. How many Impairment transactions are allowed to be posted in a period for an asset ?|
|18. Is there any functionality to allow conversion of impairment balances on asset additions ?|
|Still Have Questions?|