Assets are retired once they are no longer in use by an organization. In this recipe, we will look at how to retire assets.
Log in to Oracle E-Business Suite R12 with the username and password assigned to you by the system administrator. If you are working on the Vision demonstration database, you can use OPERATIONS/WELCOME as the USERNAME/PASSWORD.
A Genesis 1.0 Speaker, asset number 109931, has been sold for $37,000 on the 31st of March 2010. Let's retire the asset in the ACME CORP asset book: