You use capital projects to capture the costs of capital assets you are building, installing, or acquiring. You also use capital projects to capture the costs of removing, abandoning, or disposing of assets you want to retire. You can set up capital projects to capture capital asset costs only, retirement costs only, or to capture both capital asset costs and retirement costs.
Define standard unit cost for asset book
You can set up a capital project to automatically allocate unassigned and common costs to multiple assets by selecting an asset cost allocation method for the project. If you select the Standard Unit Cost method of allocating asset costs, then you must first define a standard unit cost for a selected asset category and asset book. The asset category defines the cost account and depreciation rules for the asset whereas the asset book defines the corporate depreciation book of the asset. After you interface asset costs, Oracle Assets determines default financial information from the asset category, book, and placed-in-service date for your asset.