How to handle Asset depreciation and termination and retirement in Lease accounting
Summary:
Given the requirement to create an Equipment Lease only after setting up an item in Product Information Management, we've established a Dummy item for lease creation and asset association under the 'Equipment' item type.
We have hundreds of asset lines for each equipment lease, and payment lines need to be associated with the 'Interface Asset ID' individually. How would we create payment lines for 100 assets in one lease? And would it cause issue with depreciation in case if we won’t include all assets?
business want to track the location of each asset. Once these assets are retired from Fixed Assets (FA) and moved to Oracle Lease Accounting, how will we track them if we create a dummy asset to represent these 100 assets?
Tagged:
0