Fixed Assets - EBS (MOSC)

MOSC Banner

Revaluation of asset - Asset value to be calculated from asset cost

edited Nov 15, 2016 4:00AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered


Hi Team,

As we got a specific requirement to revalue an asset, following conditions should be revalued.

1. For revaluation, asset value to be calculated from asset cost not NBV.

2. Accumulated depreciation needs to be reversed.

For Eg: Asset Value USD 1000.00, life of the asset 10 years, Depreciation Method STL. remaining life 5 years, accumulated depreciation USD 500.00. Revalue of the asset 1250.00 (25% from cost)

New value should be in the books USD 1250.00 and accumulated depreciation 0.00

Can this requirement be accommodated in the standard functionality of Oracle EBS.

Thanks

BJV

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