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How to accomodate Asset Retirement Obligations as per GASB 83 in Oracle

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Summary:

Business has a requirement to set up certain assets with an Asset Retirement Obligation (ARO) as per GASB 83. We need to know how to accomodate it and the corresponding accounting entries within Oracle FA.

Content (required):

If we setup an asset with an Asset Retirement Obligation(in DFF), and this asset would have a cost of removal, how do we setup SLA to recognize the liability in a periodic/multi-periodic manner.

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