Asset Scrap & posting.
I have the following scenerio.
on 15 April our one asset dameged with the value of 1000 USD & the same amount covered by Insurance company. we also executed the depercition for the period of may, june also.
our accountanted made the entry for income received from Insurance company. Bank Dr & other In come Credit.
now the auditor made objection & want decrease the value of asset,also three period depericition .other income must also decrease
he want entry should be.
other Income dr 1000
Asset Credt 1000
also
Accumalted deperction debit 20
depercition expense credit 20
do partial retirement to teh extent of 1000 usd and then run depreciation.
The difference in depreciation is posted in the current period.
Similar Messages
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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
RudraHi 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 -
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
ShaunHi,
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
RKKindly read the forum rules and then post.
SMS Language is strictly not allowed. -
hI,
while working with transaction ABT1N Asset transfer posting from existing (comp code) asset to new (comp code) asset with
Document, posting, asset value date -> this will be the same date 1.1.2011,
system gives error message" You cannot post to asset in company code 'abcd' fiscal year 2011.
After that
I changed the Document, posting, asset value date -> this will be the same date 20.11.2011, system gives error message "
Account 20900000 does not exist in company code 'abcd'.
Please resolve the issue both the scenarios.
Thanks,
Sahara.please search. the "account does not exist" error has been dealt with previously.
-
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 AroskarHi 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. -
Asset explorer- Asset not posted to APC transactions
Hello,
In AW01, asset explorer screen, in the planned values display tab , an asset has directly been posted from MM as goods issue.
However the Amount say Rs.10000 and its ordinary depreciation say 500 is not getting added to the APC transactions in the above tab of plannned values book depreciation.
So the APC transactions amount say 50000 and its corresponding planned depr say 2000 is excluding the previous mentioned asset values capitalised (Rs.10000 and Rs.500)
As a result the related asset reporting shows incorrect asset balances.
I would like to know why the asset already capitalised does not get reflected in the total value of the APC transactions ?
Pls help.
Regards.Hi,
are you sure that the asset was posted from MM as goods issue? Not goods receipt from PO? Did you make the asset, or did you buy the asset?
OK, if you bought the asset, here is a suggestion you might want to look into.
Have the invoice verification been done to the PO? Usually, the APC value will be posted when there is a posting to the FI for the asset. And the ordinary depreciation will not be posted automatically. For Rs 500 depreciation, you need to do write-ups to adjust your asset balance.
Hope this helps. -
Plant and Cost Center are not displaying in FI doc. for asset scrap ABAVN.
Hi All,
When we do asset retirement by Scraping using Transaction Code ABAVN, Plant and Cost center are not appearing in the FI document. But, in the master data the Plant and Cost center are assigned for the particular Asset.
When I see the FI document display, the fields Cost Center and Plant are blank. Business Area and Profit Center fields are getting updated.
Can any one help me how to get this Plant and Cost Center in the posted document. Is there any OSS notes for this. I am using ECC 6.0 version.
Thanks in advance for your help.
Regards,
RajeshRajesh
Aditional on me answer.
The systemtakes not the cost center from the asset you have to assign it in OKB9 or to fill in during this posting:
Steps
Click on Simulate, than you see the posting screen:
Click on the line (pk 40)
Click on Goto and Additional account assignment and fill in the cost center whatu2019s in the master record of the asset and post
An other option is to make a substitution to get this information -
Can we close Fiscal Year for Assets without posting Depreciation?
Hi All,
My client has 11 Company Codes. During the year end activity, I closed the FY of Assets for 10 Co. codes (T.code AJAB) and 1 is pending as depreciation is not posted for some assets yet. The client wants me to close the FY for assets without posting the depreciation.
Can anyone guide me on following doubts:
1. Is it possible to Close FY for assets without posting depn?
2. If YES, then what can be the adverse consequences of it?
3. If NO, then what is the alternative reply I can give to my client?
I hope the above info. is sufficient.
Regards
AmarendraHi All,
Finally I got the solution. I had to do some off track adjustment which might not be allowed otherwise. After getting that confirmation from the client that:
1. They want to post zero values towards Depreciation for the year 2007 &
2. After closing the year, later on there wont be any adjustments for the closed FY 2007
When client gave me above confirmation i did following steps:
1.Note down the Current Depreciation Key of the asset
2.Change the current depreciation key to u201C0000 - No depreciation and no interestu201D (TC: AS02)
3.Close the fiscal year 2007 (TC: AJAB)
4.Change the u201COrdinary Depreciation Startu201D date to 01.04.2008 for ALL the Depreciation Areas of that asset (AS02)
5. Restore the Depreciation Keys of the assets as per the step 1 (TC: AS02)
6.Open New Fiscal Year 2009 (TC: AJRW)
So now the depreciation will be calculated from 01.04.2008 and no values are posted towards depreciation for the year 2007.
Off course in the normal course of time above solutions are useful.
Regards,
Amarendra -
REM MFBF Scrap posting not reflecting in MD04
Hi All,
If I am doing yield posting from MFBF i can see reduced quantity in MD04.
If I am doing scrap posting from MFBF quantity is not getting reduced from MD04.
how can i achieve it via ABAP coding. pleae help with any exit or sample code.
Thanks,
ChinnaHello Chinna,
Please refer below thread for your issue
Scrap rate is set in bom but can't be consumed in REM
I hope this information helpful to you
Regards
Umesh Mali
Message was edited by: Caetano Almeida -
Asset Depreciation Posting Question
Hi Experts,
Do you know a solution to carry-over the License value (ANLZ-KFZKZ) to Reference Key 3 (BSEG-XREF3) of Accounting Document created for Asset Dep Posting?
I already tried Subsitution in GGB1 but it does not permit to create steps for this kind of scenario. If there are user-exits you know please advise me.
Thanks a lot!Hi Cecilio ,
I'm sorry, it's not possible to fill manually the fields BSEG-XREF 1 - 3,
regards Bernhard -
Dear all,
This is a requirement regarding scrap posting in CO11N.
When some qty is entered in scrap field , the qty shd be moved/posted to with a scrap matl code to a scrap storage location through 531 movmt type.
Which user exit wil be suitable for this application?
pls suggest.
Regards,
SheikHi,
Check with your abaper which of the below can meet your need.
User Exit
CONFPP01 PP order conf.: Determine customer specific default values
CONFPP02 PP order conf.: Customer specific input checks 1
CONFPP03 PP order conf.: Cust. specific check after op. selection
CONFPP04 PP order conf.: Customer specific input checks 2
CONFPP05 PP order conf.: Customer specific enhancements when saving
CONFPP06 PP Order Confirmations: Actual Data Transfer
BADi
WORKORDER_CONFIRM
WORKORDER_GOODSMVT
Regards,
Vivek -
Hai
Can Any one explain me asset scrap entries and hw the settings for WDV and Straightline method Depreciation Seetings Takes place
Regards
Raghavwhen 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. -
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!
GautamPerhaps, 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 -
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
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