Oracle 11i Asset Depriciation Modification

[rubayatkh]

Hi I am using Oracle Assets 11.5.10.2. My business users have a requirement I need to know whether this is doable with oracle assets.

Scenario:

Asset cost is say 60000 USD. If we use STL method for life year 1, Depreciation will be deducted 5000 USD.
But what we want to do

Create standard invoice 60,000/- and with mass addition create the asset in FA. And accounting will be following way



Depreciation Expense : Dr. 7,000
Accumulated Depriciation : Cr. 5,000 (According to depriciation rule COST/Life)
Rest : Cr. 2,000 (system will calculate and different will be charged to our LER A/c)

After some time when we revalue the asset cost and increase the amount,
Depreciation E : Dr. 7,000 Remain same as earlier
Accumulated Depriciation : Cr. 9,000 (COST/Life)
Rest : Dr. 2,000 (system will calculate and different will be charged to our LER A/c)


Can it be done from Assets module. If not then what I can do ? Is there any way around?

Regards,
Rubayat N Khan