1. Get rid of all advertisements and get unlimited access to documents by upgrading to Premium Membership. Upgrade to Premium Now and also get a Premium Badge!

Need to separate the depreciated asset and change life year.

Discussion in 'Oracle Financials' started by yingsras, Dec 15, 2011.

  1. yingsras

    yingsras Forum Advisor

    Likes Received:
    Trophy Points:
    Bangkok, Thailand
    Hi Everyone,

    I have the problem about the asset that need the advise from you guys here.
    This is the sample of asset information.

    Cost 12,000,000
    Life Year 10

    This asset is added to be 1 asset number and qty is 1. Now it has been running the depreciation for 1 year. In the next year customer would like

    to separate this asset to be 3 assets
    For example

    asset A 2,000,000
    asset B 4,000,000
    asset C 6,000,000

    And change the Life Year to 15 for asset A, 17 for asset B and 20 for asset C. They don't want the old depreciations are recalculated. The new

    depreciation (new life year) will effect from the first period of the next year.

    Have anyone experienced about this problem.
    Would it make sense to write-off the old asset and add the new asset with the new life year minus the used life year ?
    Do you have any Idea about this?

    Thanks in advanced.