Asset Retirement Convention

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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navson
Posts: 25
Joined: Mon Jun 11, 2007 7:26 am
Location: Pakistan

Asset Retirement Convention

Post by navson »

Dear All

What should be the retirement convention if the company policy is, full depreciate in the month of purhase and no depreciation in the month of sale.

Regards

Naveed
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shaikjohnpasha
Posts: 74
Joined: Tue Jul 10, 2007 10:02 am
Location: India

Post by shaikjohnpasha »

Hi,

Select the first day of the month for full depreciation of the month in the case purchase.
Select last day of previous month in the case retirement.

Regards,
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