Run depreciation to process all assets in a book for a period. If you have assets that have not depreciated successfully, these assets are listed in the log file created by Oracle Assets when you run depreciation.
When you run depreciation, Oracle Assets gives you the option of closing the current period if you check the Close Period check box on the Run Depreciation window. If all of your assets depreciate successfully, Oracle Assets automatically closes the period and opens the next period for the book. If you do not check the Close Period check box when you run depreciation, Oracle Assets does not close the period.
Once depreciation has been processed for an asset in the current open period, you cannot perform any transactions on those assets unless depreciation is rolled back or the current period is closed. See: Rolling Back Depreciation.
Note: Ensure that you have entered all transactions for the period before you run depreciation. Once the program closes the period, you cannot reopen it.
If you are using Multiple Reporting Currencies (MRC), you can only run the Calculate Gains and Losses and depreciation programs using the standard Fixed Assets or MRC primary responsibility. You cannot run these programs using an MRC reporting responsibility.
When you run the Calculate Gains and Losses and depreciation programs using the standard Fixed Assets or MRC primary responsibility, these program will also run automatically for the associated reporting responsibilities. See: Multiple Reporting Currencies in Oracle Applications.
Prerequisites
Run the Assets Not Assigned to Any Cost Centers Listing and the Assets Not Assigned to Any Books Listing to ensure that all assets are assigned to expense accounts and books. See: Assets Not Assigned to Any Books Listing/Assets Not Assigned to any Cost Centers Listing.
Optionally process retirements regularly throughout the period. See: Calculating Gains and Losses for Retirements.
Open the Run Depreciation window.
Choose the Book for which you want to run depreciation.
Choose whether you want Oracle Assets to close the period after successfully depreciating all assets.
Choose Run to submit concurrent requests to run the calculate gains and losses, depreciation, and reporting programs.
Note: You cannot enter transactions for the book while depreciation is running.
Oracle Assets automatically runs the Journal Entry Reserve Ledger report when you run the depreciation program for a corporate book, and the Tax Reserve Ledger report for a tax book, so you can review the depreciation calculated. These reports are run automatically for the primary currency only. You can use the Standard Report Submission (SRS) process to manually run these reports for the reporting currencies.
Review the log files and report after the request completes.
If the log file lists assets that did not depreciate successfully, correct the errors and re-run depreciation.