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Application: Oracle Fixed Assets
Title: Asset Revaluation
Content
About Asset Revaluation…………………………………..3
Steps Required for Asset Revaluation……………………..2
1. Query the Asset and Check the Asset cost……….3
2. Create Mass Revaluation Transaction……………6
Test Case………………………………………………….16
3. Query the Asset to Check Result………………...16

Accounting Entries…………………………………….…17

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About Asset Revaluation
Revaluation refers to changes in the asset cost. It will be carried out in oracle application only on
asset cost

Step-1 Query the Asset and Check the Asset cost

Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Enter asset number

2. Select asset book
3. Click on find

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1. Place the curser at asset number
2. Click on books

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1. Select asset book
2. Place the curser at asset cost

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Step-2 Create Mass Revaluation Transaction
Application: Fixed Assets

Nav: Mass Transactions  Revaluation

1. Select asset book

2. Enter comments
3. Select asset category or asset number any one only
4. Enter revaluation rate
5. Click on preview

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1. Mass transaction number is generated
2. Click on ok

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1. Click on ok

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1. Place the Curser at mass revaluation program
2. Click on output

1. Here we can see the mass revaluation output

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1. Query with mass transaction number
2. Click on run

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1. Click on ok

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1. Place the Curser at mass revaluation program
2. Click on output

1. Here we can see the mass revaluation output

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1. Query with mass transaction number
2. Click on review

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1. Place the Curser at mass revaluation review
2. Click on output

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1. Here we can see the asset old cost and revalued cost

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Step-3 Query the Asset to Check Result
Application: Fixed Assets

Nav: Asset  Asset Work Bench

1. Enter asset number

2. Select asset book
3. Click on find

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1. Place the curser at asset number
2. Click on books

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1. Select asset book
2. Place the curser at asset cost
3. Here we see the revalued asset cost

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Accounting Entries

When Asset is revalued

Accumulated Depreciation A/c……….….Dr $

Revaluation Reserve A/c…….…………...Dr $

Asset Cost A/c……………………………Cr $

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