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Oracle E-Business Suite 12 Financials Cookbook by Yemi Onigbode

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Depreciating assets

Assets need to be depreciated based on defined depreciation methods. In this recipe, we will look at how to run depreciation and close a period.

Getting ready

Log in to Oracle E-Business Suite R12 with the username and password assigned to you by the System Administrator. If you are working on the Vision demonstration database, you can use OPERATIONS/WELCOME as the USERNAME/PASSWORD.

Run the following reports to check if all assets are assigned to the correct expense accounts and books:

  • Assets Not Assigned to Any Cost Centers Listing
  • Assets Not Assigned to Any Books Listing

How to do it...

Let's list the steps required to run depreciation:

  1. Select the Assets responsibility.
  2. Navigate to Depreciation | Run Depreciation.
  3. In the Book field, ...

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