Cannot assign reserve to an asset placed in service in the current period
Dear Experts,
I am using Tax Upload Interface to update the financial information for the Tax book assets. I am trying to update the below asset scenario and I receive an error "You cannot assign reserve to an asset placed in service in the current period."
Asset Number: 57533
DPIS: 01-OCT-2017 (Current Open Period OCT-17)
YTD Deprn: 16441.99
Accum Deprn: 16441.99
Below is the SQL statement I used to pass values to the columns in FA_TAX_INTERFACE table.
insert into apps.fa_tax_interface
(asset_number, book_type_code, date_placed_in_service, cost, deprn_method_code, life_in_months, ytd_deprn, depren_reserve, posting_status)