I am a new in oracle EBS financials and facing this error while defining a new asset category
APP-OFA-47227 ‘You must set up the category with default depreciation rules for at least one date range’
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PraveenMExplorer
Error APP-OFA-47227 ‘You must set up the category with default depreciation rules for at least one date range’ When Define a new Assets Category
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Hello PraveenM,
this error came because there is a setup of default rule was missing when you want to create new asset category.
just follow this steps to complete your setup required:
Navigate to Responsibility FA manager > Setup > Asset System > Category
Ensure that, at the bottom of the page, there is a Default rules button.
Enter the mandatory information in the second page for Default rules and Save.
Once the category book is defined with the default rules and saved, there should be no error.