Create an Asset Category

This example demonstrates how to create an asset category in Oracle Assets.

Before You Start

This worked example assumes that the following have been defined:

• Category flexfield segment values

• Depreciation methods

• Prorate conventions

• Natural accounts

Create an Asset Category

1. Navigate to the Manage Asset Category page.

2. Click the Create icon.

3. On the Create Category page, complete the fields, as shown in this table:

   Field	Value
   Major Category	COMPUTER
   Minor Category	PC
   Description	PC
   Category Type	Non-lease
   Ownership	Owned
   Property Type	Personal
   Property Class	1245 property

4. Check the following check boxes:

   • Capitalized

   • Enabled

   • In physical inventory

5. In the Books region, click the Add Row icon.

6. Enter the following in the Book field: INF USA CORP

7. On the Accounts tab, enter the following account information:

   Account	Value
   Asset Cost	101.10.15170.000.000.000
   Asset Clearing	101.10.15910.000.000.000
   Depreciation Expense	101.10.68170.121.000.000
   Depreciation Reserve	101.10.16170.000.000.000
   Bonus Depreciation Expense	101.10.68170.121.000.000
   Bonus Depreciation Reserve	101.10.16170.000.000.000
   CIP Cost	101.10.15400.000.000.000
   CIP Clearing	101.10.15930.000.000.000
   Unplanned Depreciation Expense	101.10.68170.121.000.000
   Impairment Expense	101.10.68170.121.000.000
   Impairment Reserve	101.10.68170.121.000.000

8. On the Default Rules tab, click the Add Row icon and complete the fields, as shown in this table:

   Field	Value
   Method	STL
   Life in Years	5
   Life in Months	0
   Prorate Convention	IF CAL MTH
   Retirement Convention	IF CAL MTH
   Default Salvage Percent	10

9. Click the Save button.

10. Click the Done button.