Previous | Next | Contents | Index | Navigation | Glossary | Library |
If you want the existing asset to assume the asset category and description of the mass addition, Oracle Assets creates a journal entry for the new total asset cost to the asset cost account of the mass addition's category. It also creates journal entries for the clearing account you assigned to the invoice line in accounts payable, and for the clearing or cost account of the original addition category.
Oracle Assets creates the following journal entries for a capitalized $2,000 mass addition added to a new, manually added $500 asset, where the asset uses the category of the mass addition:
Previous | Next | Contents | Index | Navigation | Glossary | Library |