Accounting Entries for Assets Module in Oracle Apps

Depreciation Accounting:
Depreciation Expense A/c...........Dr.
              To Accumulated Depreciation A/c.............. Cr.

Asset addition Accounting:
In Payable module, At the time of Invoice the following accounting is generated
Asset Clearing A/c .........Dr.
               To Account Payable liability A/c................Cr.
In Asset module, At the time of addition of asset the following accounting is generated
Asset Cost A/c...................................Dr.
               To Asset Clearing A/c.................................Cr

Merger Accounting:
Asset Cost A/c .................................. Dr. 4000
                To Asset Clearing A/c.....................................Cr 3000
                To Asset Clearing A/c ....................................Cr 1000

Construction In Process(CIP) Addition Accounting
CIP Cost A/c.........................................Dr
                 To CIP Clearing A/c............................................Cr.

Capitalization Accounting: Transfer CIP asset to capitalize asset.
Asset Cost A/c.....................................Dr.
                To CIP Cost A/c …...................................Cr.

Amortized Accounting:
Depreciation Expense A/c...........Dr.
                To Accumulated Depreciation A/c.............. Cr.

Asset Transfer Accounting:
From Department transferred
Accumulated Depreciation A/c....................Dr.
                 To Asset Cost A/c...................................Cr
To department transferred
Asset Cost A/c.........................................Dr
Depreciation Expense A/c........................Dr
                   To Accumulated Depreciation A/c...................Cr

Reclassification accounting: When you reclassify an asset from office equipment to computers.
The accounting as follows.
Office Equipment:
Accumulated Depreciation A/c....................Dr.
                   To Asset Cost A/c...................................Cr
Computer Head
Asset Cost A/c.........................................Dr
Depreciation Expense A/c........................Dr
                    To Accumulated Depreciation A/c...................Cr.

Revaluation:
Positive Revaluation
Asset Cost A/c.............................Dr.
                   To Revaluation Reserve A/c........................Cr.
                   To Accumulated Depreciation A/c.............. Cr.
Negative Revaluation:
Revaluation Reserve A/c..................Dr
Accumulated Depreciation A/c.........Dr.
                   To Asset Cost A/c …...............................Cr.

Retirement:  

Accumulated Depreciation ..........Dr.                 (Dep Till Date)
Proceeds from Sale Asset Clearing A/c.....Dr.   ( Sale Value)
                    To Asset Cost.........................Cr    (Total Asset Cost)
                    To Profit/Loss..........................Cr   (P/L for Asset)