EAM: Child Assets still In Service after Retirement of Parent (Doc ID 1600713.1)

Last updated on SEPTEMBER 26, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

In release 9.1 bundle #20, after retiring a parent and all its children assets, the asset status remains In service for both the parent and the child assets.

Business impact:
This is confusing because the asset is retired, but can still be transacted against.

1. Added asset PARENT1 -
a. for the CORP book, quantity 1, cost 444,618
b. for the Federal book, quantity .75, cost 323,459.6
Indicated this was a parent.
2. Added 2 children:
a. CHILD1A -- quantity is 1 for both books, cost 10,000 for both books - indicated this was a child asset of PARENT1
b. CHILD1B - quantity is 1 for both books, cost 45,000 for both books - indicated this was a child asset of PARENT1
3. Went to the retirement page and selected asset PARENT1:
a. Hit Go.
b. Kept 'copy changes to other books checked'.
c. On the Child Assets tab, selected both children.
Hit Save.

Expected results:
Expected the asset status to change to D (disposed) for at least the 2 child assets, and perhaps the parent.

Actual Results:
The asset status remained I (in service) for the parent and the 2 children.

Cause

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