11i Oracle Assets - Nullyfying depreciation reseve of a number of assets

Our furniture and fittings category in a tax book had been depreciating under the defined rules all this time. A government regulation now instructs that we should not depreciate furniture and fittings items purchased before 2009.3.31. But this direction came this week, so these asset had been depreciated and the Net Book value as of now shows these assets as depreciated till Jan 2010. The requirement is to reverse the depreciation of these assets from Jan-10 to Apr-09 and stop these assets from depereciating further.
In other words, the Net Book Value of these assets when viewed in Jan 10 or any period after Mar 09 should reflect the NBV as at Mar 09
P.S : This is not a journal posting enabled book. We use it to report to the local tax authorities
Miranga

Hi,
Did u find a solution to this ?
Regards,
MPH

Similar Messages

APP-OFA-48392: Depreciation has been processed for this asset

Hi,
we are working in oracle applications 11i.
In Oracle assets module, on the attempt from the user to modify the description of an asset item (from asset workbench -open) , when clicking the DONE button, the following error shows up:
APP-OFA-48392: Depreciation has been processed for this asset for the current period in book...
Please rollback depreciation or close the current period to perform this transaction
Any ideas please...

Hi
If you have run depreciation for a particular period and thereafter try to make modification to any asset in the same period - the system will not allow you to do the same.
If you have to make the changes than perform either of the following steps as mentioned below:
1) rollback the depreciation for the current period by running the Rollback Depreciation program from the SRS Window
OR
2) Close the period by running the depreciation and thereafter make the changes to the asset in the next period.
Without doing the above, the system will not allow you to make the changes to the asset.
Hope this helps.
Thanks
Manish Jain.

Asset Accounting - Depreciation Repeat Run

Hi Seniors,
Depreciation run upto period 7 is over. Now, client wants to create few Intangible assets and depreciation needs to be run from period 1. I created one Intangible asset in Quality Server and tried to do repeat run for that particular asset. It says the posting will be done in Period 7. But, client wants the depreciation to be posted every month. Is there any way for this? Periods are open.
with sincere Regards

Hi Kumar,
Repeat run option is only for running the depreciation for the previous month only in this case period 7. The system calculates the amount from the period 1-7 and posts in period 7.
One option you can try is. You can create the repeat depreciation run for period 7 for this particular asset in background and process the same in foreground, changing the posting date and amount. Make sure your period is open.
Test this scenerio in your test client.
Regards
Sridhar

Calculation of depreciation and interest for a particular asset class

Hi,
I have a problem with the calculation of depreciation and interest for a particular asset class. The assets are financial leases. The depreciation key defined is LEAS. The following are the attributes of this key:
Dep/int             phase     base met dec-bal prd cont mult lvl chn ov
Ord.depreciation     1     0011     001     006     001        5
Ord.depreciation     2     0002     001     003     003
Interest             1     0028     001     003     010
An example of an asset is:
Aquisition value: 1041552.71 (as migrated on 01.04.2007)
Ordinary dep already posted: 56243.88
Net book value: 985308.83
Scrap Value:729086.90
Useful life: 50 years
Expired useful life: 9 years 1 month
Remaining useful life: 40 years 11 months.
Depreciation start date: 28.03.1998
Interest calculation start date:30.03.1997
Depreciation calculated by the system:6261.83
Interest calculated in the year:15682.68
I'm not able to undersatnd on what basis the system calculated the interest. I will be thankful if anyone can help me resolve this. An early reply will be greatly appreciated as I'm facing major problems due to this issue.

Hi Mahesh,
As per my analysis of the case the interest rates are as under
Acq. Year                                                    Int.Percent
9999     4          01     10.%
9999     7          01     5.%
9999     25          01     2.5%
9999     999     12     01     2.5%
As per this the Acquisition value less the Scrap Value Rs.312,465.00 @ 2.5% p.a will be Rs. 7811.64.
Based on the above you analyse for which period interest is calculated.
Hope it will help.
Regards,
Vijay

Extra-ordinary depreciation is not shown on the Asset History Sheet

Hi,
When doing a disposal of assets via transaction ABAVN, the extra-ordinary depreciation is not shown on the asset history sheet in the "Deprec for the year" column.
How can I show it on the asset history sheet?
Thank you for your feedback.
Kind regards,
Linda

Hi,
of course it can. The Asset History sheet output can be defined absolute flexible. Good source of information of how to define asset history sheet versions can be found in the SDN Wiki articles [Asset History Sheet (Detail) |https://wiki.sdn.sap.com/wiki/display/ERPFI/AssetHistorySheet%28Detail%29] and [Asset History Sheet |https://wiki.sdn.sap.com/wiki/display/ERPFI/AssetHistory+Sheet].
Feel free to create your own history sheet versions according to your needs. But you should avoid to change standard delivered history sheet versions.
Regards,
Markus

What is setting for the depreciation calculate on the basis of assets value date

Hi ,
My client requirement to calculate the assets depreciation on the basis of assets value date,
every assets transaction will have take base assets value date
Acquision 1 Assets value date 1.4.2014
transfer Assets value date 15.3.2014
Wbs settlement Assets value date 20 .3.2014
second acquisition Assets value date 28.03.2014
if anybody know about the setting ,Please provide me important setting ,

Any setting related to assets posting variant ? to calculate if anybody know the setting please inform.

No depreciation areas have been defined for asset 10001-2

Hi,
While creating Goods Receipt(MIGO) the following error is showing
"No depreciation areas have been defined for asset 10001-2"
Could u plz, suggest me what i have to do.
Thanks in Advance,
Sudheer.

Hi
Goto Asset Master TCode AS02 / Depreciation area tab and check depreciation areas have been defined for asset 10001-2" or not.
Cheers
Srinvias

Link-Group Asset Class, Depreciation Area & Depreciation Key

Dear Experts,
I am new to FI-AA Customization & have a basic query about Group Asset Concept.
I am working on Ecc 6.0 & for Country India.
I want to create Group Asset for calculation of Depreciation as per Income Tax Act. Hence there is just one Depreciation Area (for Group Assets) , but the Depreciation keys are different. E.d IN1, IN2 etc. (Country Version India)
Now the questions are :
1) Do we need to create different Asset Class for different Group Assets or to create just 1 Asset Class for all Group Assets.
E.g. I want to calculate Depreciation As per income Tax Act on Gross Block of Building, Furniture & Fixture, Motor Car, Vehicles etc. So I need to create separate Group Asset Class for each one of above or just to create one Group Asset Class.
2) If we need to create just one Asset Class for all Group Assets; how to maintain a Depreciation Key in OAYZ as there are more than 1 Depreciation Keys?
3) is there any other method / functionality to calculate Depreciation as per income Tax Act or Group Asset is the only functionality?
Thanks & Regards,
Reshma

Dear,
Reshma.
Looking at your Questions let us take explanation for Group Assets :-
1 ) We need to create new different asset class for Group Class in OAOA. Then permit the depreciation area for only Group Asset in OAYM as it is in your current scenario India is Depreciation Area 15 Just select your company code in OAYM and check the Grp Asset field for respective area 15. Then go to OAAX here we have to maintain the assets classes particularly for Group Assets. So check your Group Asset classes for Group Assets. Cerate different Group asset classes for your said requirement.
In these depreciation areas, it is then possible to make an assignment to a group asset. You make this assignment in the specifications for the depreciation area in the asset master record. When you post an acquisition to this kind of asset, the system duplicates the line items from this depreciation area on the given group asset.
2 ) According to me you have to create different depreciation keys for Group Asset classes. Assign the Depreciation keys to your newly created Group Asset Classes in OAYZ and make sure you are deactivating 01 area which is Book Depreciation area.
3 ) As far as I know this is the only functionality available to handle Group Assets. How ever SAP does not have any standard Group Assets functionality. SAP does not supply asset classes to be used solely for group assets. It is we have to determine as per varying Business Process.
I hope this will clear your doubt makes you to understand. Please revert back for further clarification. Welcome you.
Regards,
Pankaj A Bhalerao.
Edited by: pankaj_ab on Feb 3, 2010 8:26 AM

Config of Group assets - Tax Depreciation Calculation : India

Dear Seniors,
can you please explain the configuration of the Group assets and how exactly the tax depreciation calculation in India happens for the individual assets with scheme of entries.
Thanks and Regards
Sathish

Hi,
In India, depreciation on assets for the purpose of computation of net income as per the Income Tax (IT) Act 1961 is calculated over a block of assets instead of individual assets as allowed under the Companies Act 1956. Asset acquisitions and retirements are managed over the block level. The IT Act prescribes certain rates of depreciation to be used under the Written down Value (WDV) method over these asset blocks to compute depreciation.
The following are the customization settings that may be followed in the R/3 system in order to manage your assets in the income tax depreciation area.
1. Copy the standard chart of depreciation 0IN as provided by SAP and create your own chart of depreciation.
2. Use the depreciation area 15 for the purpose of management of assets under the IT Act. Make it statistical in nature. (Reference Transaction Code: OADB). Do not check the box negative net book value.
3. Specify that the Income Tax depreciation area takes over the APC from the book but not make it identical (Reference Transaction Code: OABC).
4. Create an asset class for the purpose of income tax blocks. This asset class will be used to create only group assets. (Reference Transaction Code: OAOA)
5. Specify that the depreciation area for income tax can be managed only for group assets. (Reference Transaction Code: OAYM). This would mean that depreciation for this depreciation area would be computed only at group asset level.
6. Specify that the asset class defined in (b) above will be used for creating group assets only. (Reference Transaction Code: OAAX)
7. Two period control methods (IT and NL) have been defined in the system for determination of start or the end of depreciation calculation at the time of a fixed asset acquisition or retirement. You may use these period control methods while creating the depreciation keys for the purpose of IT depreciation.
Calendar assignments have been made for the above mentioned period control methods in order to reflect valuation requirements as per the Income Tax Act (Transaction Code: OAVH). You may create your own period control methods depending on the fiscal year variant you use. The period control methods supplied are based on the fiscal year variant V3.
8. Depreciation Keys: The following depreciation keys have been created in the system. They correspond to the income tax blocks that are prescribed under Indian tax laws. They are as below:
Depreciation Keys:
1. IN1 - Tax Depreciation - 5% -
I Hope it will give you some basic guidance.
Regards,
Krishna Kishore

Query to fetch those Assets whose Depreciation has not been run.

Hi all
Please help me in framing a query which would help to fetch Assets whose Depreciation has not been run.
I am using R12 Instance.
Regards
Nakul.V

Hi Experts,
After i tried a few times, i can successfully start prepare with upgrade asistant monitor - Administrator >> Start Prepare,
Thanks

Excluding the asset from depreciation

Hi,
We are trying to run restart run, from AFAB . One perticular auc asset is ending in an error, that account for unplanned depreciation is missing.
"Account 'Accumulated dep. account unpl. deprec.' could not be found for area 01"
Now some how, this asset had unplanned depreciation postings, which we reversed in AB08.
After that below are the asset values.
But the restart run in 2013 period 11, still ends in the above error.
Please let me know how this can be solved. Can the asset be excluded from depreciation?
Regards
SR

Hi,
Depreciation is posted for all the assets at a same time. You cannot ignore or post only for a single Asset. Now here in your case its showing that unplanned depreciation is posted in period 11 whereas its reversed in period 12. So I thin kif you execute AFAB for period 12, for Fiscal Year 2013 in planned values, then system will post the values in the assets and the Asset values will be nil. I think that you have reversed the Document through AB08 in 12th period.
Regards,
Malhar.

Asset IT Depreciation

Hi,
When i was checking the Depreciation calculation for group assets the depreciation periods its taking 6/12
as we know the assets which are purchased from 1st april-30th sep is 12 months of dep and 1st october-31 st march its 6 months of dep.
but here in system if auqistion of asset is in 1st april also its taking 6 months..how is this possible?? what configuration has to be done for this?..
Please help me on this
Thank you.

Hi
Check the depreciation key in Asset master. In AFAMA check the period control method assigned to this key and in AFAMP make necessary changes
Thank You,

Asset Value depreciated to Rs 1 after 12 year

Hi,
There is rule that Asset after 12 years should have Net Book Value Rs 1 and no further depreciation should be calculated on the asset after 12 years after capitalization date.
How can we configure this scenario.

Put Memo Value = 1 at SPRO-Financial Accounting-Asset Accounting-Valuation-Amount Specifications (Company Code/Depreciation Area)-Specify Memo Value
Create a new base method at SPRO-Financial Accounting-Asset Accounting-Depreciation-Valuation Methods-Depreciation Key-Calculation Methods-Define Base Methods-
Base Mthod Z999
Type of Depreciation = Ordinary depreciation
Dep method = percentage from useful life
Reduce use life at FY end = Select check box
Select remaining 3 fileds with NO
Create a DepKey with above base method
Enter useful life in AS01 as 12 years

Asset unplanned depreciation posted wrongly

Dear all,
For 100 assets unplanned depreciation posted wrongly. In AB08 reversed the documents but FI document is not generating for that. After this when I am doing repeat run in AFAB then normal depreciation is getting effected by this run. How to reverse the previous wrong run and post correct one Kindly suggest. Its very urgent.
Regards
Roomi

you can reverse posted depreciation by using OASV, but be VERY careful
that you reverse the FI and CO postings.
Thanks & Regards,
Suresh

Group Assets IT - Depreciation

Hi All,
I am calculating Depreciation on Assets based on Income tax act of India.
Based on this the assets purchased less than 180 days should 50% depreciation charged.
this is running fine when I calculate the depreciation on Individual Assets.
But Client request for Groups Assets, So I assigned the Groups assets.
In case of Groups Assets. Depreciation for the assets less than 180 days also it is calculating the 100 % Dep.
Any one know how to solve this. Is there any settings needs to be change?
Thanks
Ravi

Hi,
In OVAH
settings is maintained like this.
K4     01     Pro rata at period start date              0     0
K4     02     Pro rata upto mid-period at period start date              1     15
K4     02     Pro rata upto mid-period at period start date              2     14     1
K4     02     Pro rata upto mid-period at period start date              3     15     2
K4     02     Pro rata upto mid-period at period start date              4     15     3
K4     02     Pro rata upto mid-period at period start date              5     15     4
K4     02     Pro rata upto mid-period at period start date              6     15     5
K4     02     Pro rata upto mid-period at period start date              7     15     6
K4     02     Pro rata upto mid-period at period start date              8     15     7
K4     02     Pro rata upto mid-period at period start date              9     15     8
K4     02     Pro rata upto mid-period at period start date              10     15     9
K4     02     Pro rata upto mid-period at period start date              11     15     10
K4     02     Pro rata upto mid-period at period start date              12     15     11
in the table details shows like this.
Table:          T090NP
Displayed Fields: 15 of 15 Fixed Columns:                3 List Width 0250
   MANDT AFAPL METPER PERBZU PERBNA PERBAB PERBUM XBZDAT PERBAW PERBIF PERBAA PERBZR PERBD1 PERBD2 PERTXT
   740   0AT    007    04     06     05     05     X                                                04/06/05/05
   740   0BR    007    04     06     05     05     X                                                04/06/05/05
   740   0PL    002    11     11     11     11     X                                                11/11/11/11
   740   0PL    003    01     01     01     01     X                                                01/01/01/01
But any where I have to Assign this steps to Deprecation Key for Groups Assets?
thanks
Ravi

11i Oracle Assets - Nullyfying depreciation reseve of a number of assets

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