Setting Up Asset Categories
Category information is common for a group of assets. Oracle Assets defaults these depreciation rules when you add an asset, to help you add assets quickly. If the default does not apply, you can override many of the defaults for an individual asset in the Asset Details or Books windows. You set up default values for each category in each book. The default depreciation rules that you set up for a category also depend upon the date placed in service ranges you specify.
Prerequisites
To set up an asset category:
1. Open the Asset Categories window.
2. Enter a Category name and Description to identify the asset category you want to set up.
Suggestion: The concatenated name you enter appears in fields which display 20 spaces. You may want to limit your name to 20 characters.
3. Check Enabled if you want to use this category.
4. Check Capitalize if you want to charge items in this category to an asset account when you pay for them and if you want to depreciate items in this category.
5. Check In Physical Inventory if you want assets in this category to be included in physical inventory comparisons.
You can only enter lease information in the Asset Details window if you assign the asset to a Lease category type.
You set up your QuickCode values for Property Type in the QuickCodes window. If you have assets in the United States, enter 1245 for personal property and 1250 for real property.
See Also
Adding an Asset Accepting Defaults (QuickAdditions)
Adding an Asset Specifying Details (Detail Additions)
Adding an Asset Automatically from External Sources (Mass Additions)
Asset Descriptive Details
Oracle Assets System Setup