Asset life

Gurus,
We have situation were we need to change the assets useful life after lease renewal and that can be done through 'Asset workbench' or 'mass change' but the problem is:
The assets have 'sub components' and I think through 'Mass Change' only the parent asset useful life changes but not the 'Sub component' associated with that parent.
We have hundreds of 'assets' and asset 'sub components' and currently this is been done through 'asset workbench' manually.
Question:
This there a way to change all the assets and associated sub component useful life at once?
Thanks in advance.

I am not aware of an easy way to do this. We have investigated using an API, but ended up creating a load file with Dataload Pro. We can update several thousand assets in a couple of hours. I beleive it look days to update them manually.
Regards

Similar Messages

How to change the Asset Life in Fixed Assets

Hi
We need to change the Use full life of the Asset.
Suppose Asset was initailly Created on 1-JAN-2005 with Usefull life of 5 Years
Now already 4 years are gone but Finance department want to change it life span to 6 Years.
How we can do it???
Plz Guide
Thanks
Malik Asif Joyia

When you make this kind of changes,
there are two ways you can deal it
either amortize the adjustments arising out of this change or let the adjustment be spread throughout the remaining useful life of the asset.
The amortize adjustment and the amortization date is useful in this regard
if you check the amortize adjustment than the whole resulting depreciation arising out of this change will be charged as an expense in the period in which teh change will take place
if you do not check that, the whole resulting depreciation will be spread over the remianing useful life of the asset
Under the depreciation tab you can view the additional depreciation,
Hope this helps.
Thanks
Manish Jain

Asset life changes

We have many plant assets all in one class. Each individual asset in the class has differing useful lives. We want to extend the whole plants life by one year, so if one asset has a useful of 10yrs and 6 mos and the unexpired portions is 1 year we want to extend it to 2 years. I can do a mass change but it will change everything to a constant value and that is not what we want, we want to change based on pushing it out one year.. Does anyone know if there is a user exit out there that could be utilized for this purpose?

Hi
You can try OACS - Define Substitution for MASS change...
Use an exit with in the subst and then do MASS change
Br, Ajay M

Asset life Expired

Hi,
we have an asset whose life is expired in 2007. Yet, The asset has huge book value. What are the options I have in this regard...!!!!
BR.......AJ

Hi,
if you always want to assure that the net book value is zero at the end of the useful life of an asset, you should set up your depreciation keys that way that they calculate depreciation based on the remaining useful life.
I guess your current setup does not depreciate from remaining useful life for this asset. In that case I would recommend the solution Paul stated already. Create a new phase at the depreciation key, valid after end of useful life. Set a changeover method in the depreciation key to changeover to this phase after end of useful life. The base method used in the phase after end of useful life should be "immediate depreciation".
Regards,
Markus

Change the useful life of an asset

Hi everyone,
I'm using Oracle 11i Asset module. currently I have an asset whose useful life is 4 years. But we realise that this asset can only last for 3.5 years (3 years and 6 months).
I tried to go into the Book of this asset and changed the life to 3.5 years. The system allows me to change the life year from 4 to 3 years but when want to change the life months from 0 to 6 months, the system doesn't allow.
Can anyone of you help me?
Thanks in advance

Please check the Depreciation method setup.
(Navigation: Setup-->Depreciation-->Methods)
There should be an entry for life in years=3 and life in months=6 for that depreciation method.
If it is not there, then system will not allow you to change the asset life.
You need to make an entry in the depreciation methods screen (Navigation: Setup-->Depreciation-->Methods) before trying to change the asset life.
Let me know if this helps.
Thanks,
Siva.

Questions on Asset Data Transfer

Hi Friends,
Currently we are in process to remap the company codesu2026
We have two company codes 1) ALFA 2) BETA
Business Decision : ALFA is going to move company code BETA
System comparability :
1)     Chart of Accounts is same
2)     Chart of Depreciation is different ALFA
I need clarification on these areas
ALFA running asset accounting and depreciation has performed till P9/2011
When moving the data from ALFA to BETA I need assistance
1)     I am going to upload data till 30th-sept-2011 here I took capitalization date as 31/12/2010
I will take asset acquisition value + Accumulated Dep till 31/12/2010 and start depreciation will set as 1st-october-2011 u2026. Here
How can I post current year 9 months depreciation ?? where can I post ? I am unable to run depreciation for those 9 months because I set start depreciation as 1st-october-2011..
Guide me how to post current year depreciation u2026.
2)     In above scenariou2019s how I need to update Asset Life
Ex : Asset   A
       Actual acquisition date : 01/01/2009u2026u2026 life 3 years each month depreciation is 100 Asset value is 3600u2026.
By the time upload into new company
Asset Acqi Value :   3600 Dt : 01/01/2009
Cumulative Dep :   2400    Dt : 31/12/2010
Depreciation for 9 months: 900
new asset master in new company how I need update Asset useful life and periods ??? and how can I post Current period depreciation ?
Highly appreciate your help and guidance
Thanks

Dear TKP.FICO
Select unplanned depreciation in AFAB
Regards
shankar

Asset sold and purchased back

Hi Gurus,
I wanted to find out how other companies handle this situation. We have an asset that was sold last year and it was purchased back this year. From what I understand from the user, is they wanted to see the history and total accumulated depreciation in AW01N (before the asset was sold and after it was purchased back) since it is the same asset.
It will be recorded at the NBV at the time of purchase (APC less accumulated depreciation as if we owned the asset).
For example, APC = $3000, asset life is 3 years. Asset sold after 1 year (NBV = $2000). Asset purchased on second year (NBV = $1000). So we want to post using Gross method, showing asset value of $3000 and an accumulated depreciation of $2000. The remaining life should be 1 year.
Is there a transaction in ABSO to do this? Do we put it back to the same asset number and remove the deactivation date? Will the monthly depreciation be the same?
Thanks,
Arnold

Hi,
Since you have sold your asset in last year, then now it should be treated as a new asset purchase as per the best practises.
1) Create a sub asset number under your old main asset master and post the F-90 with the amount, which need to be paid back to your customer. Then you can have the history against the main asset atleast
2) Or else, if you want to re-initiate your old asset master, try to reverse your sale entry with current date using AB08. In this case, i am assuming that you have to return the same amount of money, which you have taken from your customer last year when selling your asset.
I am not sure about the 2nd case, whether it is advisable or not.
Regards,
Srinu

Asset account issues

Hi Guru's
Situation is like this:
Project System captures the cost through WBS. This cost is then transferred to AUCs. Based on the settlement profile this cost will settle to final asset. When the cost is settled following problems are occurring:
Depreciation is wrongly calculated for few assets.
Accumulated depreciation is not right.
Tax DDA calculations are wrong.
Dep key for a particular sub-asset is different.(should be same as main asset)
Useful life gets changed as well for few assets.
asset reclassification: from tangibles to intangibles and vice versa
-ve APC results, further depreciating the value more -ve
Depreciation represented as -ve ex: (10) is seen positive for few assets ex: 10.
This problem is for dep area 10(tax depreciation).
What should be the drilldown approach as to verify that these are the real problem in fact?
What figures should be studied in detail.
Is there a way a report or InfoCube can be made so that minutest detail can be obtained?
In a sense that all above problems are easy to locate in report/InfoCube.
If tax adjustments are made to some assets how to find those changes through asset History sheet/report.
What other areas can be looked for possible problems apart from the above listed one.
Odaiah

1) Check whether the Asset capitalization date and the Ord. Depn start date in the Final aset is what it should be. Otherwise, look into the config.
2) Looks like some substitutions are kicking in and changing the keys of the sub-asset, life. Look into the substitution rules.
Thanks
Jagdish

Functionality / modules currently available in MySAP for asset tracking.

Hi All,
We have a new requirement in the asset accounting. If any one have come accross can you let me know the feasibility and the process.
1.Functionality / modules currently available in MySAP for asset tracking.
2.Could MySAP support data input from other external devices e.g. scanner.
3.What kind of asset level info is stored in MySAP and how they are modified along the asset life cycle
Thanks nd Regards
Srihari Bolla

Yes this is possible.
In the asset itself you have the fields Last inventory on and Include asset in inventory list
From SAP you can print barcodes (asset and asset sub number) that you can put on your assets TC S_ALR_87010137 - Bar Codes . There is a standard SAP script for this, but you can create your own one.
The date you want to use for your tracking you can get ot ouf the table ANLA
For all the barcode's reader there is software that can create a file. This file you upload with an LSMW in SAP that updates the field Last inventory on.

After 2 years want to change depreciation key for a asset

Hi,
For a particular asset we want to change depreciation key for this asset already we have posted depreciation for 2 years. After 2 years user realizes they are using wrong depreciation key now they want to change depreciation key for a particular asset. In new financial year till now they have not posted depreciation .I just want to now what is the impact of this changes how we will adjust the value in future because previously they are calculating depreciation 1.63% now they want to calculate depreciation 3.33 % can any one tell me about the future impact of asset.
How we will adjust the value?
Thanks and Regards,
Neha

Hi,
Does your user wants to post the depreciation for closed Fiscal years?
If yes First calculate unplanned depreciation for the difference up to the last closed fiscal year and post in the current year.
Now after posting this then change the depreciation key in the asset master and in the next run the system identifies the difference between posted value with the old Key and teh correct key and adjusts the difference in the current period depreciation run.
If the user don't want to post the values of the previous years, change the key in asset master so that the difference in the depreciation from the start of the fiscal year is adjusted in the current period.
Future impact if the option is second the asset life will be more when compared to the actual life. In first case there is no effect.
Provide Business with these two solutions and they have to choose between the options.
Reward points if useful.
Sarma

Asset Adjustment-URGENT!

Hi
My user accidentally posted a goods receipt of $3,000 to an existing asset with st depn date as at 1.7.06.
Tried to rectify by performing an asset transfer of $3,000 from the wrong asset to the correct asset. However, the asset document generated included the backdated depn exp.
Does anyone have any suggestion how to rectify the problem - ie the asset cost tranferred should only be $3,000?
Regards.

Hi,
There should not be any problem doing a transfer from the wrong asset to the new one. There is only one thing you have to look at and that is the asset value date on the original posting and on the transfer posting. If they are both the same there will be no depreciation posted to the wrong asset. Ie. the asset value date is used as a base for the depreciation calculation for the additional posting.
So if the asset value date on the original posting was 15.08.2006 the depreciation is calculated from that date for the reminder of the asset life, not from 01.07.2006. If the same amount is then transferred to the correct asset with asset value date 15.08.2006 all the depreciation calculations should be fine.
Cheers,
Gudmundur

Fixed Assets calculation of 'Revaluation APC' in AS03

Hi All
SAP is showing some value in 'Revaluation APC' column in AS03.it is for depreciation area defined for Insurance.I understand it might have calculated value there because of the index series assigned to the asset.but i want to know what transaction triggers calculation of revalued APC.Because out of a total Asset life of 10 years,it is calculating revaluation in only three years.
Thanks and regards
Nikhil kumar

Hi Enzo,
Have you capitalized an AUC (with revaloration in its revaluation area) into a Terminated Asset and this one keeps its revaluation process since the same month of capitalization???
Im really stuck with this issue long time ago. This process its not running properly
Thanks in advance!

Asset Management

Hey guys,
Help me with the following topics in Asset Management----
.      Fixated Assets (AA, AM modules) and Taxes
·      Asset Management-Configured chart of depreciation, tax indicator, tax codes, posting tax accounts.
·      Screen Layout Rules for asset classes, asset classes, number ranges and depreciation key.
·      Screen layout for asset depreciation areas, asset master data, and depreciation areas in asset classes.
·      Asset Accounting (Asset Life Cycle Management): Organizational Structures required for Fixed Assets.
.      How to designed and configure Asset management
    If any one has any material on AM, pls share it with me..... Thanx in advance

First understand the business process as to how many chart of dep required, asset classes, kind of reports, legal requirement if there is any.
Thanks
Ashok

Asset balance shoulbe Rs.1

Hi,
My requirement is that I have one asset life is 3 Years
After Depreciation finally it should Rs.1
Depreciation should consider rounding the values.
Thanks and Regards
Radha

Radha,
I guess you want to round off the depreciation or the net book value to the nearest rupee. If so, please follow the below suggestion:
Use T-code OAYO, select the co code and click on 'Rounding specification'. Then double click on the Depreciation area, check either NBV or Accumulated Depr indicator whichever you would like to round off to the whole number and check "Arithmetic Rounding" indicator.
Please revert in case you have any questions.
Regards,
Vinod

AW01N Depreciation calculation

Hi All,
We have a requirement on Calculation of tax depreciation for countries US & CA(Canada).
We are using 2 depreciation areas : 10 - MACRS
11 - AMT .
The total acquisition amount is divided as special & ordinary depreciation. ex : total acquisition : 2000. half will go to special depreciation : 1000 and remaining half will go to ordinary dep : 1000. If the asset life time is 3 years, the ordinary depreciation amount (1000) has to be distributed to 3 years and has to depreciate accordingly. For these we have to calculate period-wise depreciation. how to calculate depreciation period-wise as in AW01n it showing year-wise depreciation..
All the other depreciation ares : 01(Book) & 31(Group) are showing in the table ANLP up to current year. But these dep.areas (10 & 11) are not showing in ANLP table.
Plz help me if anybody knows the process.
Thanks

Dear Ramesh
Thanks for your reply. However, i need the comments from you, shall we change the useful life ? what are all the steps? Is there any side effects with in your perview.
Kindly comment
Regards
Anilkumar

Asset life

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