How do we fix Depreciation Reserve on individual assets? — Cloud Customer Connect
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How do we fix Depreciation Reserve on individual assets?

in Assets 1 comment

Summary: We have a few assets that were flagged to depreciate in our tax book in error for several years. The depreciation flag has been removed, but depreciation reserve is not correct. How do we remove the depreciation reserve value without posting a journal entry to the GL?

I found one article that mentioned a workaround to adjust current cost to zero, retire the asset and re-add the asset with the correct depreciation reserve on addition. Is this the best method?


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Version (include the version you are using, if applicable): Oracle Fusion 24D (11.13.24.10.0)

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