Depreciation rollback restores assets to their state prior to running depreciation. For example, you may have outstanding adjustments or transactions that you need to process for a period. However, you have already run depreciation for that period. If the Close Period check box was not checked when you ran depreciation, depreciation is automatically rolled back when you process transactions on these assets.

Financial adjustments and other transactions can be made to one or more assets through the asset workbench, Mass Transactions or Depreciation Override window. Oracle Assets will automatically rollback depreciation on the selected assets and allow the transactions to be processed normally. The assets for which depreciation was rolled back are automatically included in the next depreciation run.

Depreciation is rolled back automatically by Oracle Assets provided the following conditions are met:

• Depreciation has been processed in that period

• The period is not Closed