Option to Amend Depreciation Start Date When Transferring Assets from Stock to Business Unit

Summary:

We are currently facing a limitation in Oracle Fusion Fixed Assets where the depreciation start date (Date Placed in Service) is inherited from the original GRN date when transferring assets from stock to a business unit. This causes depreciation to be backdated, even though the asset was only placed in service at a much later date.

Example:

An asset was received into stock with a GRN date of 01.01.2023. Later, the same asset was transferred to a business unit on 29.05.2025. However, the system started calculating depreciation from 01.01.2023, which does not reflect the actual date the asset was placed in service.