Fixed Assets - EBS (MOSC)

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How do I enter assets which don't depreciate, such as land?

edited Jul 3, 2024 11:26AM in Fixed Assets - EBS (MOSC) 8 commentsAnswered ✓

Oracle Fixed Assets R12.2.5

My company has many assets that we depreciate using the straight line depreciation method.  Traditionally with property, we purchase leases and perform lease hold improvements, but recently we bought land with a building, which is owned and not leased, and we want to track it within fixed assets.  From what I understand, the building depreciates and has a finite useful life, but the land does not depreciate.  How do I enter an asset that does not depreciate?

Thanks,

Brian

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