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How to Delete an Asset that has been depreciated

Discussion in 'Oracle Financials' started by mmrahman, Sep 22, 2013.

  1. mmrahman

    mmrahman Active Member

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    Dear Friends

    One of my clients uploaded 2000 assets 2 years ago as opening asset. By this time they already depreciated the entire assets monthly basis. In addition they procured 500+ new assets. Now they have realized and want to delete all the assets those they have uploaded as opening and newly created. I mean they want to start Fixed Asset newly. How can I do it?

    If you have any alternative solution, please help me.


    Thanks
    Makshud
     
  2. Bharat

    Bharat Community Moderator Forum Guru

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    Hi Makshud,

    Its not possible to delete Assets after running Depreciation. Please go through the following Metalink Note:

    How to Delete an Asset that has been Depreciated? (Doc ID 181575.1)
    Which explains work around to make asset cost to zero.
     
  3. mmrahman

    mmrahman Active Member

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    Hello Bharat G

    Thanks for your replay. I will do it according to your instruction.

    Thanks
    Makshud
     
    Bharat likes this.
  4. Bharat

    Bharat Community Moderator Forum Guru

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    Hi Makshud,

    Is your problem solved?