Run Depreciation - and PRC: Interface Assets to Oracle Assets
I need some clarifications regarding the process of interfacing projects related assets to FA.
- Is the FA period closed when the depreciation for the period is ran or is there a specific form to close the period?
- If the depreciation is run for a particular period in FA (example: Period 1) and after that is interfaced from PA assets with Place in Service Date within the Period 1 (with FA periods = PA periods), still is possible to capitalise the asset or once the depreciation is ran I will have to change the Place in Service Date for Period 2, capitalising the asset in period 2 instead of period 1?