what is the use of Allow amortized changes in fixed assets
Answers were Sorted based on User's Feedback
Answer / shankar ganesh c t
Asset A1 is brought into system at a cost of $10000 in
1996.After 12 yrs,additional parts brought into the same
asset and the cost of the asset increased to $12000 in 2008.
Now if we run depreciation,it will depreciate from the value
$12000 and not $10000.(Allow Amortized changes set to yes).
but if you want to depreciate $10000 till 2008 and
additional depreciation for $12000 from 2008.(Allow
Amortized changes set to No)
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / kn
Dear Shankar Ganesh, HI,
I have few questions on the below points.....
(1)
Now if we run depreciation,it will depreciate from the value
$12000 and not $10000.(Allow Amortized changes set to yes).
> Does this mean, the Asset Cost is now considered as $12000 from 1996 and the difference in Depreciation is posted to the current open Period? or for $2000 alone the system starts calculating from the year 2008 onwards?
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abhishek singh
Hi All,
If that checkbox is enabled then the system will calculate the depreciation prospective basis in case if there is any changes in the cost & life of an assets
If that checkbox is disabled then system will calculate the depreciation on retrospective basis i.e. consider the changes in cost or life from the date placed in services for calculating the depreciation
Thanks
Abhishek
| Is This Answer Correct ? | 0 Yes | 0 No |
How can we create FSG in another currency other than the currency which is associated with ledger?
We have raised the requisition and PO, and also raised the Invoice and made the payment but did not match with PO. What we need to do with that pending PO ?
At what level FA is implemented?
What are the various Implementation method for oracle apps
Accounting methods?
What is the use of mo: security profile, while configure multiorg?
Hi Everyone, I've done my MCom & worked on Oracle 11i FA, GL & AP 3years back. Currently Working on SAP Accounts payable. Total 8 years in Finance BPO's. My dream is join Oracle Apps I read materials & go through interview questions. But, how do I modify my CV to fit the Job & will End User job resp will get any job in Market??? Plz help me, how do I convince interviews that I'm really a valued resource to them. Thanks for all your help.
What is automatic off set method in 11i? Differentiate between balancing method and account method?
What is Zero-Payment in AP
What are the types of PO?
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
what is withholding tax