Low Value Asset Category Set up in Oracle Fusion Financials
SummaryWe are creating low value asset categories and specifying a threshold value for our corporate books. Now the asset category that will read as low value even for Assets above the tax book threshold
As per the global design, Corp books will have to classify assets as Low value if it's below 1500 $ (threshold). The asset classification will work well for Crop books. When the same asset gets copied to the tax books, the threshold can be changed,; the asset will be expensed or capitalized based on the threshold.
The issue we are facing is the asset category that will read as low value even for Assets above the threshold for the tax books. I need to know if there is any other and better way we can resolve this.