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Is it possible to reverse an impairment in Oracle Fixed Assets?

in Assets 2 comments

Summary:

In Oracle Fusion Fixed Assets, we need to validate whether it is possible to reverse an impairment transaction when required.

From a business and accounting perspective, impairment reversals may be necessary due to changes in asset recoverable value or corrections of prior assessments. We would like to understand if Oracle Fixed Assets supports the reversal of impairment entries through standard functionality, or if there is a recommended process or workaround to handle this scenario.

Any guidance on standard behavior, limitations, or best practices would be appreciated.

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