EAM: How to Adjust Asset Cost to Zero (Doc ID 621656.1)

Last updated on SEPTEMBER 15, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 8.8 SP1 to 9 [Release 8.8 to 9]
Information in this document applies to any platform.

This document was previously published as Customer Connection Solution 200762478



Checked for relevance on 25-FEB-2013
Checked for relevance on 22-AUG-2014



Goal

How to adjust the cost of an asset to zero?
When doing a negative cost adjustment (to reduce the asset cost to zero) the customer was changing the Calculation Type on the Asset Book Information page. This was producing incorrect depreciation for the asset.

Solution

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