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

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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
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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 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

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 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.

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 Scrapping ..Defalut CO Account Assignment

Dear All,
1 ) When scrapping an Asset using "Tr Code ABAVN", i want the Cost Center assigned in the Asset Master to be chosen as the Additional CO Account Assignment for the Scrap Account(this account is created as a Cost Element).
2 ) When Cost Center in the Asset master is picked automatically during Depreciation run for Posting Depreciation, why is the same logic not working during Scrapping. Is there any further customizing setting required to achieve this.
Regards
NMR

Dear Bernhard,
Thank you very much. The Note you have suggested was very helpful.
Best Regards
NMR

Assets Scrapping-error

Hi,
i need to scrap some of the assets.
when i use the transaction ABAVN i get the error" ordinary dep positive in area 11"
i have got 4 dep areas.
01-book dep
10-federal macrs
11-alternate
30-consoldated balance sheet in local currency
except book 11 all others books have dep zero and net book value zero. but 11 has a few dollars left as net book value .
how should i make the dep as zero in book 11.
how should i scrap the assets.
thanks
Ram
Edited by: ram ram on Mar 27, 2008 11:52 PM

Hi,
Try following workaround to avoid error message AA638 : Depreciation -> Unplanned depr. -> define deprec. area (OABU)
Select the concerned deprec. areas and verify that the flag 'all values allowed' is selected.
When you set this indicator, this depreciation area allows unplanned depreciation with positive as well as negative values.
Regards,
Brigitte

Asset Scrap

Hi,
i scraped one asset, and the depreciation posted after scrapping is there but the imputed interest on this asset got reversed fully.
how its happend? the dep is posted, the posted interest was got reversed??
any way to solve this? i checked in afama - for dep. key details the check boxes are not selected for Dep to the day and no int. if no dep is planned.
but why the interest posted only got reversed? i missed some thing??
kindly throu a light on this!
Raghav

Hi,
i used the Base method for Interest: explicit percent. (aft.live end, bel. 0) and the decl.bal.method assigned is 001 0.00x / 0.0000% / 0.0000%
and Prd.control is 001 01/01/02/02
kindly suggest for any mistake in this...
Raghav

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,
Rajesh

Rajesh
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

Partial Asset Scrap ?

Hello,
All Experts,
I have one asset which was capitalised in 2006 which has values of 1 Lakhs. Onwards by time due to some problems
new asset created against it which got values of Rs.21 Lakhs. Now my question is can I do partial asset sale or deactivate
so that I will have the value only of Rs.1 Lakhs as it was previous?
Which T.code I need to use ?
Your valuable suggestions are appreciable.
Regards,
Pankaj.

Hi,
Paul.
Thanks for your quick reply.
Is this partial retirement through ABAVN will calculate retirement on my Acquisition value or Net book value ?
E.g :- APC is 25000 but NBV is 23998 so on which amount it will calculate ?
Regards,
Pankaj.

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.

Asset No. of the scrapped asset not appearing in the GL Line item display

Hi Friends,
As a part of the year end process the users have written of some of the assets thru T Code "ABAVN" - Asset Scrapping without revenue. The losses arising were posted to the particular GL Account as was defined in the config. However, when viewing the GL line item display we are not able to see the Asset No. against each of the line representing the loss arising from the scrapping of the asset. We tried changing the layout but still the asset no. does not get populated in the Asset column. Would need the help of freinds as to how can we change the settings so that against line item in GL we are able to see the Asset No. as well.
Thanks!
Regards,

Haven't tried it before but perhaps you could try using asset no. sort keys in the 'retirement loss' gl account.
Think the asset no. appears only on the asset cost and acc.depreciation line items ie. offsetting accounts don't have such.

Asset Scrapping

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