adding value to an existing asset

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 ).
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eswar_chinni
Posts: 32
Joined: Mon Mar 12, 2007 4:08 am
Location: India

adding value to an existing asset

Post by eswar_chinni »

HI

How to add value to an existing asset, this value may be increment or decrement

ex: A is an asset worth of $1000, later i want to add $100 to existing asset.

thanks in advance
benny
Posts: 127
Joined: Tue Nov 28, 2006 7:08 am
Location: India

Post by benny »

Eswar,

This scenario is basically an ADJUSTMENT to the asset.

You could do the following,

1.Query the asset from the asset work bench.
2.Click the BOOKS button.
3.Go ahead and change the cost in tHE CURRENT COST field and save it clicking done.

Thnks,
Ben[?]
eswar_chinni
Posts: 32
Joined: Mon Mar 12, 2007 4:08 am
Location: India

Post by eswar_chinni »

hi ben

can i do increment and decrement once i run depreciation
pinnaka.financial
Posts: 38
Joined: Thu Feb 14, 2008 7:59 am
Location: India

Post by pinnaka.financial »

hai
ithink that you have to add value to u r asset(decrement or increment)
through revaluation of the asset

if u have run the depreciation first u haveto roll back depr. then you run the revaluation

u have any other way plze send me

satyam
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