Asset Scrap Entries

Hai
Can Any one explain me asset scrap entries and hw the settings for WDV and Straightline method Depreciation Seetings Takes place
Regards
Raghav

when you scrap an asset, the following entry would be applicable:
Accummulated Depreciation Dr.
Loss on scrapping Dr.
Asset Account Cr.
Net book value is nothing but the asset value minus accummulated depreciation.

Similar Messages

Asset sale w/o customer & Asset Scrapping

Hi All,
In a scenario,an Asset having a APC value 1000 USD and which has been depreciated by 200 USD til now .
Now in case of asset sale without revenue, we have the below accounting entries.
Asset APC Cr 1000
Acc Dep dr 200
Clearing Account P&L dr 800
In case of Asset scrapping,
Asset APC Cr 1000
Acc Dep Dr 200
Asset Scaping P&L dr 800
In both cases the P&L account is debited. So how the 1st transaction is different from the second one, from accounting prospective?
Regards
Rudra

Hi Rudra
Are you talking about Asset Sale without customer?
This is used when there is a Cash Sale.. The clearing account is later on cleared and you can post it to Cash Account
Asset Scrapping is a pure loss where you dont get anything out of sale
Br. Ajay M

Asset Scrapping

Hi Guys,
I have an issue in asset scrapping thru tcode ABAVN version ECC6.0 in QA client- when I scrapped the asset system generated the accounting document
with following entries
APC:1,000
Asset is acquired in April,2010,
CR(75 posting key).-APC value account(cost of asset) $1000
DR.(40 posting key)-Loss from scrap asset                   $1000
We are using half year convention so first year depreciation value is $50.As per our fixed asset guy who is usin legacy system FAS,( we are in process of migrating our FA in sap), the entries should be
CR(75 posting key).-APC value account(cost of asset) $1000
DR.(40 posting key)-Loss from scrap asset                    $950
DR(70 posting key)- Accum Dep a/c                                $50
But system created only 2 lines.Do I need to do something in config?The Account determination in AO90 the accounts are being derived correctly. I only need to know what will happen with depreciaiton.The asset is just acquired in april,2010. Do I need to do some other entry? I ran depreciation for period 5,2010 on that asset and system posted depreciation of $6.25 for period 5, we rae using Fiscal year from Nov-Dec, so april is our period 5.Please suggest.Thanks
Regards
Shaun

Hi,
Take a look at the period control Tcode AFAMP of the depreciation key been used. If the retirmnet period control is set for start of year 06 normaly it will take the value available from start of year and reverse out the depreciation posted in next run.
Thanks
Vaibhav

Error during Asset Scrapping using ABAVN - plz advise

Dear all,
Facing an error during asset scrapping using ABAVN for a Korean company code.
Net value of asset is not zero. Transaction type = Disposal/abandonment of prev. year acquisition.
Error occurs on Simulation - Transaction in area 40 contradicts the net book value rule
NBV in area 01 Book Dep - 108,612,225 KRW
NBV in area 40 u2013 Tax Dep u2013 108,612,192 KRW
Negative vals allowed NOT checked in asset master.
SAP says:
The document cannot be posted, as it is contrary to the net book value rule which is checked in area 40.
This error usually occurs when you enter proportional values. The proportional values exceed the amount posted, for example, post capitalization of 100 but proportional depreciation to the amount 110. Check your entries and correct them if necessary.
How do we correct this issue and scrap the asset? Is this specific to Korea? How can we make NBV in area 01 = area 40?
Any clues? Greatful for all answers
Cheers
RK

Kindly read the forum rules and then post.
SMS Language is strictly not allowed.

Asset selling entry

we are selling asset. so we wanted to post sale entry. what is the proceedure to post sale entry. what are all the method to selling asset in SAP. we have to retire or what? so tell me the entire proceedure of selling asset.

Hi
Can sell the asset with / without revenue.
F-92 - With Customer
ABAON - Asset Sale Without Customer
ABAVN - Asset Retirement by Scrapping
ABNE - Subsequent Revenue
Asset Sale entry in SAP is different from normal Asset sale entry.
Say Asset sale with Customer:
Customer.........................Cr
Asset Sale.......................Dr
Asset a/c.........................Cr
Accumulated dep. a/c.......Dr
Asset Sale.......................Cr
Profile from asset sale.......Dr
SKS

Any SAP standard report on Asset scrap values?

Dear All,
Do you know of any Standard SAP report for asset scrap values? A customer needs to have the scrap values reported and would like the same in summary (asset class level) and detail (individual asset level).
Help appreciated.
Thanks and Regards,
Sameer Aroskar

Hi Sameer,
I am sending you the list of all standard reports in SAP for Asset accounting
Menu Path                                                                  Report
Asset Balances -> Balance Lists -> Asset                       Balance List
Balances
Asset Balances -> Inventory Lists -> Physical                  Inventory List
Inventory List
Notes to Financial Statements -> International                 Asset History Sheet
Explanations for P&L -> International                              Total Depreciation, Ordinary Depreciation,
                                                                                Special Depreciation, Unplanned Depreciation,
                                                                                Transfer of Reserves
DepreciationExplanations for P&L -> International            Write-Ups, Depreciation Comparison, Manual
                                                                                Depreciation
Cost Accounting                                                         Depreciation and Interest
Depreciation Forecast                                                   Depreciation on Capitalized Assets (Depreciation
                                                                                Simulation)
Preparations for Closing -> International                         Gain for Transfer of Reserves, Changes to Asset
                                                                                Master Records
Day-to-Day Activities -> International                             Asset Transactions, Asset Acquisitions, Asset
                                                                                Retirements, Intracompany Asset Transfers,
                                                                                Directory of Unposted Assets , List of Origins Of                                                                              Asset Debits, List of origin of cost elements
I Hope this will help.
Award points if of any use.

Assets Capitalisation Entry

Dear Friends,
I am having One Assets Capitalisation Transaction Entry Problem.
I have Configured L400000 GL Account for Assets Cost Debit & E21710 GL Account for Eliminate US Gaap GLR Credit for Assets Capitalisation Entry in AO90 in assets configuration for 14 Countries.
Dr Assets Cost L400000
Cr Eliminate US GAPP GLR E21710
But As per One of the Business Requirement on Substitution of Assets.I need to Credit Substitution Clearing GL account for Assets Capitalisation.So that for that Process the Assets capitalisation entry should reflect as follows in SAP.
Dr Assets Cost L400000
Cr Substitution Clearing L23076.
Can Anybody Help me how to Configure in Assets Accounting particulary for this Business Process the above entry.
I will Assign Points.
Thanks,
Pankaj

Hello,
a. Create the new asset
b. Do intra company asset transfer to the asset
thats it.
it wud work correctly., even the depreciation gets transferred.
regards
anantha

Error while doing asset retiremnt entry

Hi,
While doing Asset Retiremnt through f-92 sale with revenue to customer.
Geeting error message as ' Auxiliary Account Assingment to asset not possible, remove entry"
I have given 1st line tem as customer account 2nd as asset sale offset account.
Also ticked on that asset retiremnt check box and selected appropriate asset.
Pls help...
Regards
Raj

Hi,
According to ur threat it seems like you have entered the asset number in account assignment part of document entry.
you are not suppose to enter any asset number, which is to be retired in the line item.
first line item will be customer Debit
second line item will be with posting key 50
GL account (Offsetting Account)
enter the value
dont enter the asset number in the asset number field.
just select asset retirement check box only
once you selected the asset retirement check box, you will get one pop up screen, it will ask you to enter the asset number, here only you are supposed to enter the asset number, asset value date, complete retiement check box (if you need ).
then press continue button
simulate
post
This will defenitely solves ur issue.
Please do not forget to assign score to me
Thanks,
Srinu

Asset Scrapping - Calculating Depreciation for entire year

Hi guys
We want to scrap an asset without revenue using ABAVN.
Asset Details:
The asset will be completely depreciated by the end of this year (December)
We have smoothing indicator on.
We wish to post the retirement and close out the asset balances in this month itself.
(No depreciation should be pending for the remaining periods of the year)
When we post the retirement transaction in test environment, it still shows the planned depreciation for the entire year.
How do we avoid the planned depreciation posting for future periods ?
Thanks!
Gautam

Perhaps, the following might be a solution that can be implemented safely in a production setup:
Objective: To post retirement related depreciation in a single period without smoothing over the remaining periods.
Solution:
Perform standard depreciation posting run for current period
Turn Smoothing Indicator Off
Write Off Asset
Run Repeat Depreciation Posting Run (select Repeat Posting Run instead of planned and also input the retired asset number)
Turn Smoothing Indicator back on
This should post the complete depreciation in the current period for the retired asset and smooth out the depreciation for all remaining assets

How to clear asset scrap value from the asset

Hi,
An asset has been partially retired in 2007 and transfered the balance to other asset. There is a scrap value in the same asset and still appearing in scrap value field of asset explorer. This is giving an error in asset year end closing. Please give a solution to solve this issue. The scrap value is visible in the asset under Planned values tab and there is zero net book value.
Regards
Paroy

Dear Markus,
I dont mean somebody would search for me. I replied to your query to get inputs from various people. Someone might have faced a similar issue, they may have a solution or someone might have known and implemented a Note.
I think the main purpose of these forums is knowledge sharing and quick solution to an issue which a person in question could not figure out.
Regards
Paroy

BAPI for Asset scrapping

Hello,
I have implemented the BAPI BAPI_ASSET_RETIREMENT_POST for background scrapping. Everithin OK for an asset with a subnumber. The problem is that I have to scrap an asset with multiple subnumbers. initially, I was running the BAPI for each subnumber, but I realised that I am creating an FI document for each posting, which is not good.
Can I scrap multiple subnumbers with this BAPI?
Thank you !

BAPI_ASSET_ACQUISITION_POST
BAPI_ASSET_ACQUISITION_CHECK
BAPI_CMS_AST_GETDETAIL_MULTI
BAPI_ASSET_POSTCAP_POST
BAPI_ASSET_POSTCAP_CHECK
BAPI_ASSET_RETIREMENT_CHECK
BAPI_ASSET_RETIREMENT_POST
BAPI_ASSET_REVERSAL_CHECK
BAPI_ASSET_REVERSAL_POST
for Fixed assets
BAPI_FIXEDASSET_OVRTAKE_CREATE
BAPI_FIXEDASSET_CREATE1
BAPI_FIXEDASSET_CREATE
BAPI_FIXEDASSET_CHANGE
BAPI_FIXEDASSET_GETLIST
BAPI_FIXEDASSET_GETDETAIL

Asset posting entry

Hi,
Iam trying posting entry using f-90,but showing an error message .
System response
In the standard system, the system rejects the posting to the asset and issues an error message. However, this error message can be changed in Customizing so that it is only a warning. However, if you make this change, you should be aware that it is then possible to post to the asset, although an additional account assignment is missing.
Procedure
Start report RAUNVA00 for the asset, and complete the asset's specifications. Then post the transaction again.
How to resolve this issue.
Regards,
uday

Hi,
If master data is incorrect for an asset, this error occurs.
Execute AUVA (RAUNVA00 ), which will give you list of incomplete data of asset master. After correcting the same, you can post thru F-90.
Best Regards,
Madhu

Block Scrap Entry !

Dear All,
We want to block the scrap field entry in Co11 ( production order confirmation ). In other words, we dont want the shop floor guys to put in any amount in this field during confirmation.
Can we just make it 'display only' field. Is it possible ?
Please help.
Thanks & Regards
Hrishi

Hiiiiiiiiii,
For process industry in Planning screen of the COR4(order type dependent parameters) transaction uncheck the scrap field.At the time of confimration the system will show the field of Scrap as display.
Regards,
kaushik

Scrap entry for in QA32 confirmation screen.

we r making entry of scrap in QA32 tcode wiith inspection lot origin 03 -production.
when we r confirming the yield as well scrap in the same Tcode QA32
as for first time the scrap qty was 1 . then we r chking the CO11 screen the scra qty appering is proper.
NExt time for the same order we have scrap qty 2 , this time the total scrap qty for the same order is 1+2 = 3 but on the CO11 screen the qty showing is last entry that is 2.
and we have hked the Data Browser table for the confirmation it is showing entries dor scrap as : 1 , 2, and 1 (that is additional 1 qty !!!).
anybdy have solution for the same .
or we have to make entries for scrap in CO11 screen only .
plz guide abt the same.
regards.

Hi Ajay,
I think you`re workin on GR inspection Type 04 , coz in 03 insp. type there won`t be any stock posting in UD screen. 03 is Non-stock relevent inspection. We`ll do only result recording for 03 and finally take UD with no stock posting. Just check the scenario you`re workin on.

Scrap entry In QA32 Tcode .

hi folks,
we r making entry of scrap in QA32 tcode wiith inspection lot origin 03 -production.
when we r confirming the yield as well scrap in the same Tcode QA32
as for first time the scrap qty was 1 . then we r chking the CO11 screen the scra qty appering is proper.
NExt time for the same order we have scrap qty 2 , this time the total scrap qty for the same order is 1+2 = 3 but on the CO11 screen the qty showing is last entry that is 2.
and we have hked the Data Browser table for the confirmation it is showing entries dor scrap as : 1 , 2, and 1 (that is additional 1 qty !!!).
anybdy have solution for the same .
or we have to make entries for scrap in CO11 screen only .
plz guide abt the same.
regards.

Please check the scenario you are workin on, coz, in inspection type 03 - Inprocess inspection, there is no stock posting done in QA32. 03 inspection type is non-stock relevent inspection. I did`nt get the point where you`ve posted the scrap quantity. Ensure which is the scenario you`re workin on.

Asset Scrap Entries

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