Copying Retirement to Tax Book at Category level
SummaryCopying Retirement to Tax Book at Category level, not just at Asset Book Level
Our Client has a requirement of copying selective Assets' Retirements to the Tax Book. They have certain compliance where they retire Assets belonging to a few categories in the Corporate Book, for which the same should not be copied to the Tax book. The corresponding tax book asset should be depreciated until Fully Reserved (fully depreciated) in the Tax Book.
Currently, we cannot govern Copying Retirement at category level, but only at the Asset Book level. In an SR raised, Oracle confirmed to us that "It is not possible to set to copy the retirements only at category level, as category can be set for multiple corporate books."