Assets FAQ - CIP Assets
(Doc ID 956642.1)
Last updated on OCTOBER 26, 2020
Applies to:Oracle Assets - Version 220.127.116.11 and later
Information in this document applies to any platform.
This document explains the most Frequently Asked Questions regarding CIP Assets.
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In this Document
|Questions and Answers|
|1. How to Capitalize CIP assets ?|
|2. Can I Change The Asset Type from Capitalized to CIP on a New Asset Not Yet Depreciated ?|
|3. How Are CIP Assets Getting Copied Into Tax Book(s) ?|
|4. Is it Possible to Partially Capitalize a CIP Asset ?|
|5. What Are The Journal Entries Created For Source Line Transfer Between CIP Asset And Capitalized ?|
|6. When an Asset is added in as CIP and Capitalized in the same period, there are no CIP COST/CLEARING lines created why ?|
|7. A CIP Asset source line cost adjustment in the Corp also updates the asset cost in Tax why ?|
|8. Is it Possible to Mass Capitalize CIP Assets by Asset Key ?|
|9. Can I make cost adjustment (under Books in the Asset Workbench) to CIP assets ?|
|10. Can I change the existing CIP asset to Expensed Asset ?|
|Still Have Questions?|