This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
qamer.financial
Posts: 59 Joined: Fri Oct 05, 2007 1:15 am
Location: Saudi Arabia
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by qamer.financial » Thu Aug 12, 2010 6:11 am
Hi FA Guru's
My Client wants to modify net book value even Assets reached the value to Zero. So, they want to keep 1 amount as a assets net book value.
AmanKhan
Posts: 387 Joined: Wed Sep 26, 2007 2:51 am
Location: Pakistan
Post
by AmanKhan » Thu Aug 12, 2010 6:57 am
Rollback depreciation on particular asset & assign salvage value to 1.
Regards,
qamer.financial
Posts: 59 Joined: Fri Oct 05, 2007 1:15 am
Location: Saudi Arabia
Post
by qamer.financial » Thu Aug 12, 2010 7:14 am
Dear,
Its long back Asset which last depreciation ran on sep-09 net book value become zero.
AmanKhan
Posts: 387 Joined: Wed Sep 26, 2007 2:51 am
Location: Pakistan
Post
by AmanKhan » Thu Aug 12, 2010 10:35 am
Its simple, Adjust Asset cost by 1 & assign salvage value 1.
Regards,
yknev
Posts: 49 Joined: Wed Feb 17, 2010 3:08 am
Location: India
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by yknev » Fri Aug 13, 2010 3:12 am
Hi AmanKhan,
How to depreciate particular asset. could you help me.
Regards,
Yknev
qamer.financial
Posts: 59 Joined: Fri Oct 05, 2007 1:15 am
Location: Saudi Arabia
Post
by qamer.financial » Sat Aug 14, 2010 7:49 am
Dear
When i am trying to update the salvage value massage appears is "Salvage value cannot exceed more than Net book value" Presently NOB value is zero.
Please advice
AmanKhan
Posts: 387 Joined: Wed Sep 26, 2007 2:51 am
Location: Pakistan
Post
by AmanKhan » Sat Aug 14, 2010 10:45 pm
1. Rollback depreciation on asset.
2. Increase asset cost by 1.
3. Assign Salvage value 1.
4. Run depreciation. System should calculate 0 depreciation.
qamer.financial
Posts: 59 Joined: Fri Oct 05, 2007 1:15 am
Location: Saudi Arabia
Post
by qamer.financial » Sun Aug 15, 2010 8:00 am
It is necessary to ROLLBACK DEPRECIATION?
It will increase the COST.
So, what we will do is add the amount in current cost then enter the salvage value 1 then Automatically NOB Value become 1.
Its ok please suggest if any missing step?
AmanKhan
Posts: 387 Joined: Wed Sep 26, 2007 2:51 am
Location: Pakistan
Post
by AmanKhan » Mon Aug 16, 2010 11:26 am
Rollback is necessary because system will recalculate depreciation on that particular asset because assets is old one.
Yes, it will increase cost but it is the only possible workaround. You can change current cost by 1& assign salvage value 1.
One more step, After depreciation change/revert current cost again and decrease by 1.
yknev
Posts: 49 Joined: Wed Feb 17, 2010 3:08 am
Location: India
Post
by yknev » Tue Aug 17, 2010 8:43 am
Hi AmanKhan,
How to depreciate a particular asset.
Regards,
Yknev
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