Run the calculate gains and losses program to:
Calculate gains and losses resulting from retirements
Correct the accumulated depreciation for reinstated assets
Calculate Investment Tax Credit recapture for retired assets in a tax book, if necessary
Suggestion: Although the depreciation program automatically processes retirements, you can run the Calculate Gains and Losses program several times during the period to reduce period end processing time.
Note: If you are using Multiple Reporting Currencies (MRC), you can only run the Calculate Gains and Losses program using the standard Fixed Assets or MRC primary responsibility. You cannot run this program using an MRC reporting responsibility.
When you run the Calculate Gains and Losses program using the standard Fixed Assets or MRC primary responsibility, this program will also run automatically for the associated reporting responsibilities. See: Multiple Reporting Currencies in Oracle Applications.
Choose Depreciation > Calculate Gains and Losses from the Navigator window.
In the Parameters window, enter the Book for which you want to calculate gains and losses.
Choose Submit to submit a concurrent process to calculate gains and losses.
If you wish to simultaneously run this program in more than one process to reduce processing time, Oracle Assets can be set up to run this program in parallel. For more information on setting up parallel processing and the FA: Number of Parallel Requests profile option, see: Profile Options and Profile Options Categories Overview.
Review the log file after the request completes.