Oracle Apps Financial Question: Download Questions PDF
Is it possible to retire an asset in the same period it is added?
Answers:
Answer #1There is no retirement possible, because the depreciation
for the same can be posted at the end of the period. That
means you can delete the transaction n number of times in
the same period, but retirement is not possible
for the same can be posted at the end of the period. That
means you can delete the transaction n number of times in
the same period, but retirement is not possible
Answer #2It is possible to delete the asset in the same period but you cannot retire the assets added in the same period. However, if the assets are interfaced through other modules like PA and AP the system does not allow you to delete such assets. In such cases you need to run the depreciation and roll over the period and then retire such assets.
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