can asset be retired in same month of creation?

Answer Posted / ravi dogga

•You can only retire assets that were added in previous periods and are effective in the current fiscal year.
•You cannot retire an asset that you added in the current period. Therefore it is advisable that you must enter your retirement as a prior period retirement after you run depreciation. [[This is 11i Functionality

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the Process of Reconciliation Between AP to GL

1159


could you please post some work around that any body have done in the financial modules.

1659


I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.

1114


what r issues faced in gl

2274


what is the meaning of purchase default and what are the types

1674






What is Reporting of financial data in a project.

1611


Difference between header level tax calculation and line level tax calculation

3045


I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.

1460


Re: what are the Issue that we face in Gl,PO and AP while Supporting

1839


When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?

2458


What is the use of operating unit, while configure multiorg?

683


payment types and payment methods.

1431


Charge Back Setups ?

1701


Define the activities of the Configuration Manager (AP,GL,FA) in the team. Give examples

2006


What is the Invoicing System in Oracle R12

939