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Module 1: Add a new asset

Lab - 7

Asset Addition

Objective: Asset Addition

15-20 minutes

Instructions:

In this lab you will add an asset using the Detail Additions feature. The tasks you will do in this lab are:

Use the Detail Additions feature of Oracle Assets to record the purchase of the asset. Add the asset to OPS CORP book, categorized as an office building that has a cost of

$10,000,000.

Use the Oracle Assets seeded Responsibility > Assets, Vision Operations (USA).

It should be assigned to Ellen Palm and depreciation expense will be charged to Dept. 110. The building's location is in New York City and is designated as Building 2

This building will be depreciated using the STL method for 15 years

1. Open the Detail Additions form.

(N) Assets > Asset Workbench (B) Additions

2. Leave the asset number field blank to allow automatic numbering.

3. Enter the following information in the Asset Details form's applicable fields:

Field Name

Value

Description

Overhead Office Building

Tag Number

XXBLDG (where XX is your unique identifier)

Category

BUILDING-OFFICE

Insurer

FIDELITY

Building Size

500000

Asset Type

Capitalized

Property Type

Real

Property Class

1250

4. (B) Continue

Module 1: Add a new asset

Module 1: Add a new asset 5. Enter the following information in the Books form: Field

5. Enter the following information in the Books form:

Field Name

Value

Book

OPS CORP

Current Cost

10,000,000

Method

STL 15 years 0 Months

6. Accept the default values for the other fields and click the Continue button.

0 Months 6. Accept the default values for the other fields and click the Continue button.

Module 1: Add a new asset

7. Enter the following information in the Assignments form:

Field Name

Value

Unit Change

1

Employee Name

Palm, Mrs. Ellen

Expense Account

01-110-7320-0000-000

Location

USA-NY-NEW YORK-2

01-110-7320-0000-000 Location USA-NY-NEW YORK-2 8. Save by selecting the Done button. 9. Note your asset

8. Save by selecting the Done button.

9. Note your asset number assigned

10. Click (B) OK and close the Assets window to return to the Navigator form.