Synchronize Asset Retirements Between Installed Base and Oracle Assets

This task shows you how to retire an asset in both Oracle Assets and Oracle Supply Chain Management (SCM) Installed Base simultaneously.

1. Navigate to the Retire Assets page.
2. Search for the asset you want to retire and click the Retire Cost or Retire Units button.
3. Enable the Terminate installed base asset checkbox in the Retire Cost or Retire Units page to terminate the related installed base asset.
   Note: This checkbox is enabled only if the Eligible to Sync checkbox is enabled in the Installed Base asset.
4. Add additional retirement details and click Submit.
5. Navigate to the Manage Assets page in Oracle Supply Chain Management (SCM) Installed Base to verify that the asset has been end-dated.

Note: In certain cases, such as when the asset's net book value is zero, you can retire an asset in Oracle Assets even though it's still operational in the field. In this type of scenario, don't enable the Terminate installed base asset checkbox for the retirement transaction. The installed base asset will remain operational, and the association between the two assets will be end-dated.