reclassifications - Oracle applications R12-1.1 financial

reclassifications - Oracle applications R12-1.1 financial
You can reclassify a group of assets using the Mass Reclassifications window. In addition to reclassifying assets to a new category, when you run the Mass Reclassification process, you have the option to have assets inherit the depreciation rules of the new category. If you choose to have the reclassified assets inherit depreciation rules, you can also choose to either amortize or expense the resulting depreciation adjustments. Restrictions: -Reclassification is done at the asset level. If an asset cannot be reclassified in one book, the asset will not be reclassified in any of the books to which it belongs. -You cannot reclassify an asset in a prior period. (N) Mass transactions > reclassifications