Asset Retirement Types in Oracle APPS

Type	Description	Rules
Unit retirement	Retire assets by unit, either all units or some units of a multiple-unit asset. The cost retired is automatically calculated for each unit retired.	Not allowed in tax books.
Cost retirement	Retire assets by cost. The units remain unchanged and the retired cost is spread evenly among the units.	Allowed in both corporate and tax books.
Source line retirement	Retire an asset that was imported as a source line by retiring the asset cost based on the source line.	Allowed for both partial and full retirements.

 

Asset Retirement Methods in Oracle APPS

Method	Description	Rules
Full retirement	Retire all the units of a multiple-unit asset Retire the entire asset cost	Full cost retirements: allowed for CIP assets. Full unit retirements: not allowed for CIP assets.
Partial retirement	Retire a specified number of units of a multiple-unit asset Retire a portion of the asset cost.	Partial cost retirements: the units remain unchanged and the retired cost is spread evenly among all assignment lines. Partial unit retirements: Oracle Fusion Assets automatically calculates the retired cost. Partial retirements of CIP assets: not allowed.