Revaluation in Oracle Assets - Compliance with AS 16

This is regarding 'Revaluation' process in Oracle eBS Release 12.2.x.  The process of revaluation can either result in an 'Increase' or 'Decrease' of the Net Book Value. As per International Accounting Standards - AS 16 (Specifically Paragraphs 39 and 40)  accounting treatment for each of these should be:

(a) In the case of a "Increase" (ie. Revaluation Surplus) then the amount of surplus should be credited to "Revaluation Reserve" [A Balance Sheet Account]

(b) In the case of a "Decrease" (ie. Revaluation Deficit) then the amount of deficit to the extent of any surplus available under "Revaluation Reserve" should be adjusted against such "Reserve" and the balance of deficit should be accounted under "Profit and Loss Account" (ie. Statement of Comprehensive Income). Also, in case there is no balance in "Revaluation Reserve" then the entire "Deficit" should be accounted under "Profit and Loss Account".