How to revalue an asset so that the adjustment is to be amortized to spread over the remaining life?
To use a simple example:
An asset costs $12,000 with an expected life of 5 yrs (60 months), and periodic depreciation is $2000. Halfway through (therefore, at this point there is $6000 of depreciation), the expected life changes to 8 years, and the adjustment is to be amortized so that the periodic depreciation is spread out over the remaining 66 months:
Making the periodic depreciation 90.91.
What steps would I take to achieve this in Oracle?
Thank you for your help!