Capitalize finished assets that are ready to be placed in service. You can capitalize a single asset or a group of assets in a transaction. If you erroneously capitalize a CIP asset, you can reverse the capitalization.
Note: If you have CIP assets in both your corporate book and your tax book, you capitalize the CIP assets in your corporate
book, and they are automatically capitalized in the tax book.

To capitalize a CIP asset:

1. Navigate to the Capitalize CIP Assets window.
2. Find assets with asset type CIP.
3. Enter the date you placed the asset in service. Oracle Assets uses this date to begin calculating depreciation for the assets you are placing in service.
4. Choose the CIP asset(s) you want to capitalize. Choose Special, Check All if you want to capitalize all the assets in the Capitalize CIP Assets window.
5. Choose Capitalize.
6. Override the depreciation rules re–defaulted from the asset category if necessary

To reverse capitalize an asset:
1. Navigate to the Capitalize CIP Assets window.
2. Query assets with type Capitalized.
3. Choose the asset(s) you want to reverse capitalize. Choose Special, Check All to reverse capitalize all the assets in the Capitalize CIP Assets window.
Attention: You can reverse capitalize an asset only in the period you capitalized it, and only if you did not perform any transactions on it.
4. Choose Reverse.