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Note: When you reclassify an asset in a period after the period you entered it, Oracle Assets creates journal entries to transfer the cost and accumulated depreciation to the asset cost and accumulated depreciation accounts of the new asset category. This occurs when you create journal entries for your general ledger. Oracle Assets also changes the depreciation expense account to the default depreciation expense account for the new category, but does not adjust for prior period expense.

   To reclassify an asset to another category:

1. Choose Asset > Asset Workbench from the Navigator window.

2. Find the asset you want to reclassify.

Suggestion: For best performance, query by asset number or tag number since they are unique values.

3. Choose Open.

4. Enter the new category.

5. Save your changes.

Attention: Reclassification does not redefault the depreciation rules to the default rules from the new category. Manually change the depreciation rules in the Books or Mass Change windows if necessary.

See Also

Reclassification Reports

Journal Entries for Transfers and Reclassifications

Changing Financial and Depreciation Information

Viewing Assets