Oracle Apps 11i : Asset Management - Asset Book Positioning Page - 2

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Figure 2(c). Define a Corporate Asset Book.

You must complete each region for every book you define regardless of whether the information will be used or not.

Asset Categories Positioning

All assets are required to have an asset category. Asset categories group assets that share financials accounts and usually depreciate using the same rules. Oracle Assets uses this information to provide default values at the time an asset is entered into the system.

Figure 3. Navigate to Asset Categories.

Figure 4. Asset Categories.