Issue with reverse Asset Previously Placed in service functionality.
We are in the process of testing Reverse asset previously placed in Service and we find that the asset cost in FA does not zero out as we expect.
As per the Oracle Project Costing User Guide 11i:Reversing Capitalization of Assets in Oracle ProjectsIf you placed an asset in service in error or sent inappropriate asset costs to Oracle Assets, you can reverse capitalization of the asset in Oracle Projects, and send the reversing line to Oracle Assets as an adjustment.
When you reverse a capitalized asset in Oracle Projects, Oracle Projects creates reversing (negative) asset lines to offset the asset lines previously interfaced to Oracle Assets. The Asset remains in Oracle Assets with a value of zero. Oracle Projects does not delete or dispose of the asset in Oracle Assets.