Fixed Assets - EBS (MOSC)

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Change in life of Assets

edited Jan 23, 2014 6:15PM in Fixed Assets - EBS (MOSC) 6 commentsAnswered ✓
Asset life changed from 5 years to 3 years.

In normal accounting any depreciation will be calculated on the NBV of the asset based on the new useful life.

I would like to know how oracle will process this? Will there be any rollback of depreciation or reversed journal entries?



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