Running Depreciation
Oracle Assets automatically closes the period and opens the next for the book after calculating depreciation. Run depreciation to process all assets in a book for a period.
Attention: Ensure that you have entered all transactions for the period before you run depreciation. Once the program closes the period, you cannot reopen it.
Prerequisites
To run depreciation:
Note: If you are using Multiple Reporting Currencies (MRC), you must first run depreciation for each MRC reporting responsibility associated with an asset depreciation book, before running depreciation for your standard Fixed Assets responsibility. Note that when you run depreciation in an MRC reporting responsibility, the Calculate Gains and Losses program does not run automatically, since you cannot run the Calculate Gains and Losses program in an MRC reporting responsibility. See: Multiple Reporting Currencies in Oracle Applications.
1. Open the Run Depreciation window.
2. Choose the Book for which you want to run depreciation.
3. Choose Run to submit concurrent requests to run the calculate gains and losses, depreciation, and reporting programs.
Attention: You cannot enter transactions for the book while depreciation is running.
Oracle Assets automatically runs the Journal Entry Reserve Ledger report when you run the depreciation program for a corporate book, and the Tax Reserve Ledger report for a tax book, so you can review the depreciation calculated.
4. Review the log files and report after the request completes.
See Also
Creating Journal Entries for the General Ledger
Depreciation Calculation
Depreciation Reports
Submitting a Request
Run the Assets Not Assigned to Any Cost Centers Listing and the Assets Not Assigned to Any Books Listing to ensure that all assets are assigned to expense accounts and books. See: Assets Not Assigned to Any Books Listing/Assets Not Assigned to any Cost Centers Listing.