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How to extend life of revaluated asset in oracle Fusion Fixed Assets

edited Nov 29, 2024 2:00PM in Assets 1 comment

Summary:

Business case involves revaluation of existing asset which is either revaluation increase and decrease. After it has revaluation is done, it was said to increase the life of the asset if it is revaluation increase and decrease the life of the asset if it was revaluation decrease. The appraisal happened every end of the year, and taken into effect at every beginning of the year.

But current situation, it did not allowed to changed the life of the asset due to this error 'You can't expense an adjustment to this asset because you've already amortized an adjustment to it.'

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