Accumulated Depreciation booked for manual assets when its copied to Local book

Summary:

The user is loading Assets into CORP Asset book with values in Depreciation reserve populated. Upon successful creation the accounting for event addition creates only Cost and Cost clearing entries in Corp Book. But when the same asset is copied to tax book the addition event creates Depreciation expense and Accumulated Depreciation entries also. This creates double booking in the accounts as the user has already loaded these values in opening balance journal in General Ledger. Our Internal Oracle team suggested to use this functionality "Directly Adding Assets to Tax Books (Doc ID 2186382.1),How to Migrate Data to a Tax