Asset Partial scraping

Hi,,
I have one asset whose value is say. Rs 8000. But the part of the asset is scrapped it becomes Rs 2000. So remaining Rs 6000 will go to gross block. In this scenario how I will partially scrap this asset value from total asset value rs 8000 and how it effect from MM stock side also ?
Kindly reply it.
With Regards,
Samrat

Hi Samrat,
The partially scrap asset will have no effect from MM Stock side.
You can do the partially scrap using t-code : ABAVN.
Do as follow:
1. In "transaction" tab, Input the date.
2. Go to "Partial Retirement" , input the amount 6000 in "amount posted".
Then choose one of this : "Prior Year acquisition" or "From current year acquisition".
If 8000 RS is acquired in prior year then you should choose "prior year acquisition". But if 8000 Rs is acquired in Current year than you should chose "From current year acquisition".
The journal, which is created by system, will be as follow :
Dr        Write Off (expense)                            6000-xxx
Dr         Accumulation of depreciation             xxxx
Cr         Asset                                             -6000
The "write off" account will be determined on your configuration in t-code : AO90.
Hope it helps.

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Please elaborate me the mechanism of Asset Retirement
Thanks

Hi,
Please go thru the following document if it is helpful.
Asset Retirement:
Purpose
Asset retirement is the removal of an asset or part of an asset from the asset portfolio. This removal of an asset (or part of an asset) is posted from a bookkeeping perspective as an asset retirement. Depending on organizational considerations, or the business transaction which leads to the retirement, you can distinguish the following types of retirement:
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Process Flow
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Asset Retirement
Asset Sale with Customer
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Proportional Value Adjustments
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Graphic: Determining Proportional Value Adjustments
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The standard transaction types delivered by SAP are already defined in this way. The system uses the transaction type 290 for proportional values with retirements. For transfers it uses transaction types 390/395 (transfer retirement/acquisition).
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Retiring Several Asset Subnumbers Simultaneously
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Retirement of Assets with Investment Support
For information on the special concerns involved when retiring assets with investment support, see Investment Support on the Liabilities Side and Investment Support Managed on the Assets Side .
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It is possible to enter the costs of the retirement (for example, removal costs) for statistical purposes during the retirement posting. The standard report for asset retirements (Information System) then displays these costs in a special field. Note that gain/loss and retirement costs are shown separately in the report. In addition, the retirement costs are not automatically transferred to cost accounting.
Mass Retirement
When an enterprise sells a large portion of its fixed assets (such as a plant or a building), it is necessary to post the retirement of all the individual assets which make up the whole. Since the number of affected assets can be very large, the Asset Accounting (FI-AA) component makes it possible to make the necessary postings using mass processing. For more information, see Mass Retirement.
Thanks,
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Partial Asset scraping

Hi,,
I have one asset whose value is say. Rs 8000. But the part of the asset is scrapped it becomes Rs 2000. So remaining Rs 6000 will go to gross block. In this scenario how I will partially scrap this asset value from total asset value rs 8000 and how it effect from MM stock side also ?
Kindly reply it.
With Regards,
Samrat

Hi Samrat,
The partially scrap asset will have no effect from MM Stock side.
You can do the partially scrap using t-code : ABAVN.
Do as follow:
1. In "transaction" tab, Input the date.
2. Go to "Partial Retirement" , input the amount 6000 in "amount posted".
Then choose one of this : "Prior Year acquisition" or "From current year acquisition".
If 8000 RS is acquired in prior year then you should choose "prior year acquisition". But if 8000 Rs is acquired in Current year than you should chose "From current year acquisition".
The journal, which is created by system, will be as follow :
Dr        Write Off (expense)                            6000-xxx
Dr         Accumulation of depreciation             xxxx
Cr         Asset                                             -6000
The "write off" account will be determined on your configuration in t-code : AO90.
Hope it helps.

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Rgds
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