Asset cost - Asset clearing - Depreciation expenses

Asset cost: Enter the Asset Cost account for this category and book. Oracle Assets uses this account to reconcile asset costs to your general ledger. Oracle Assets creates journal entries for this account to reflect additions, retirements, cost changes, revaluations, transfers, reclassifications, and capitalizations. Asset clearing: Enter the Asset Clearing account for this category and book. Oracle Assets uses this account to reconcile your payables system and Oracle Assets. For mass additions, it uses the complete Account combination that comes over with a mass addition line to reconcile the asset addition or cost adjustment with your payables system.

Depreciation expenses: Enter the general ledger Depreciation Expense Segment to which you charge depreciation for assets in this category and book. This is the default value for the account segment of the depreciation expense account in the Assignment window.

Accumulated depreciation: Enter the Accumulated Depreciation account for this category and book. This account is the contra-account for the asset cost account for this category.

Bonus expenses: If you have set up bonus rates, enter the Bonus Expense account. If you do not enter a value in this field, it defaults to the Depreciation Expense account.

Bonus reserve: If you have set up bonus rates, enter the Bonus Reserve account. If you do not enter a value in this field, it defaults to the Accumulated Depreciation account. Revaluation reserve: Enter the Revaluation Reserve account for this category and book. This account is used for the change in net book value due to revaluation, if you revalue accumulated depreciation.

Revaluation amortization: Enter the Revaluation Amortization account for this category and book. This account is used to amortize the revaluation reserve over the remaining life of the asset after you revalue it, if you amortize revaluation reserve.

CIP cost: Enter the CIP Cost account for this category and book. This account is used to reconcile CIP asset costs to your general ledger.