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We have identified certain assets capitalized in August 2025 that need to be reversed in the system

in Assets 1 comment

Business users have identified certain assets capitalized in August 2025 that need to be reversed in the system to appropriately undo their capitalization, rather than processing them as retirements. They also don't want to consider reverse and reclassification option i.e. reversing and changing asset type to CIP. Can you please recommend any other option that we can consider which should keep the accounting entries stable and is aligned with Oracle standards?

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