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 ).
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.