Add a Member Asset to a Group Asset

This task shows you how to enter a member asset into a group asset in Oracle Assets.

1. Navigate to the Assets landing page.
2. Click the Add Asset panel tab.
3. In the Add Asset dialog box, enter these values:

   Field	Value
   Book	Your corporate book
   Asset Type	Capitalized or CIP
   Category	The category for your member asset
   Description	A description of the member asset
   Cost	The cost of the member asset
   Units	Accept the default value of 1 or enter another value.
   Expense Account	Your expense account
   Location	The location of the member asset

4. Click Next.
5. In the Add Asset page, enter the in-service date.
6. In the Descriptive Details section, enter any necessary descriptive detail information.
7. In the Assignments section, add any necessary assignments, such as the distribution set and employee number.
8. In the Financial Details section on the General tab, enter these values:

   Field	Value
   Salvage Value Type	Calculate the salvage value using one of these methods: Percent Amount
   Salvage Value Amount	Enter the amount of the salvage value if you selected Amount as the salvage value type.
   Salvage Value Percent	Enter the salvage value percentage if you selected Percent as the salvage value type.
   Depreciation Method	If necessary, override the default value and enter the depreciation method and associated information, such as the life in years and months. Units of production methods aren't allowed for group or member assets. Note: If you set the Over Depreciate field in the Group Asset Rules tab to Allow and Depreciate, you can't select straight line, table-based, formula-based, or flat-rate depreciation methods. If you set the Over Depreciate field to Allow, you can't select straight line and table-based depreciation methods.
   Life in Years and Life in Months	Enter values for the life of the member asset.
   Depreciate checkbox	Enable the Depreciate checkbox. In general, enabling the Depreciate checkbox for a member asset has no impact on the group asset depreciation calculation. However, if you set up the Member Asset Tracking option to be Calculate Member Asset Amount for the group asset, the application won't calculate member asset depreciation unless the Depreciate checkbox is enabled for the member asset.
   Prorate Convention	This field displays the defaulted value entered in the Create or Edit Category page.
   Prorate Date	This field displays the depreciation start date of the group asset, which is the same as the date placed in service of the group asset.
   YTD Depreciation and Depreciation Reserve	Ensure both fields have a value of 0.00. Note: If the YTD Depreciation and Depreciation Reserve fields are populated with values other than 0, the Group Asset Number field is disabled, and you can't add the member asset to a group asset.
   Group Asset Number	Select the group asset number you want to add the member asset to. Note: The Amortize checkbox in the Transaction Details section is enabled automatically when you add the asset to a group. The amortization start date defaults to the last day in the current open period. All member additions are amortized transactions for the group asset. The amortization start date can be any date from the date placed in service of the member asset until the current open period.
   Reduction Rate Percent	The Reduction Rate Percent field is enabled for the member asset only if it's enabled for the group asset, and it defaults to the reduction rate setup of the group asset. You can override the default reduction rate for each transaction, if necessary.

9. In the Advance rules tab, optionally enter these values:

   Field	Value
   Depreciation Limit Type	None Amount Percent
   Depreciation Limit Amount	Enter an amount if you selected Amount as the depreciation limit type.
   Depreciation Limit Percent	Enter a percentage if you selected Percent as the depreciation limit type.

10. Click Submit.