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• Calculate gains and losses resulting from retirements

• Correct the accumulated depreciation for reinstated assets

• Calculate Investment Tax Credit recapture for retired assets in a tax book, if necessary

Suggestion: Although the depreciation program automatically processes retirements, you can run the Calculate Gains and Losses program several times during the period to reduce period end processing time.

   To calculate gains and losses for retirements:

Note: If you are using Multiple Reporting Currencies (MRC), you can run the Calculate Gains and Losses program only from your standard Fixed Assets responsibility. You cannot calculate gains and losses from an MRC reporting responsibility. Consequently, when you run depreciation from an MRC reporting responsibility, the Calculate Gains and Losses program does not run automatically, as it does when you run depreciation from your standard Fixed Assets responsibility. See: Multiple Reporting Currencies in Oracle Applications.

1. Choose Depreciation > Calculate Gains and Losses from the Navigator window.

2. In the Parameters window, enter the Book for which you want to calculate gains and losses.

3. Choose Submit to submit a concurrent process to calculate gains and losses.

4. Review the log file after the request completes.

See Also

Correcting Retirement Errors (Reinstatements)

Running Depreciation

Submitting a Request

About Retirements

Depreciation Calculation