Fixed Assets - EBS (MOSC)

MOSC Banner

Adding Fully Depreciated Asset Purchased

edited Nov 3, 2011 6:03AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered
Hello,

We have acquired/purchased used assets (vehicles) to be used in our business; however these assets are older and per accounting rules are past useful life and fully depreciated.  We have to add the assets at our cost to Oracle fixed assets - however we should record no depreciation.  The NBV for these assets should be 0. 

Can someone please explain how this is accomplished on Oracle?  I cannot seem to find the correct process in the Oracle Fixed Asset guide.  We are using Oracle Applications : 12.1.1.

Thank your for any suggestions.

  

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

EBS Fixed Assets Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center