Asset Value depreciated to Rs 1 after 12 year

Hi,
There is rule that Asset after 12 years should have Net Book Value Rs 1 and no further depreciation should be calculated on the asset after 12 years after capitalization date.
How can we configure this scenario.

Put Memo Value = 1 at SPRO-Financial Accounting-Asset Accounting-Valuation-Amount Specifications (Company Code/Depreciation Area)-Specify Memo Value
Create a new base method at SPRO-Financial Accounting-Asset Accounting-Depreciation-Valuation Methods-Depreciation Key-Calculation Methods-Define Base Methods-
Base Mthod Z999
Type of Depreciation = Ordinary depreciation
Dep method = percentage from useful life
Reduce use life at FY end = Select check box
Select remaining 3 fileds with NO
Create a DepKey with above base method
Enter useful life in AS01 as 12 years

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Asset value date must be in fiscal year of posting date

Hi,
When i try to post settlement of AuC in transaction AIBU with parameters:
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asset value date: previous fiscal year
posting date: new fiscal year
I know that:
The asset value date is the value date for Asset Accounting. It can deviate from the posting and document date and be in posting periods already closed for Financial Accounting. However, the posting year and asset value date year must be the same. (SAP documentation).
But maybe someone knows the way, how to post such a document??
Regards
Gosia

Thanks for Your replay,
But the pravious year is opened in FI-AA and closed in FI. We can't open previous year in FI.
Do You know another way to solve it??
regards
gosia

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If it is possible kindly share the process..
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Update Asset Values through TCode AS92

HI all,
We would like to update Asset values ( Depreciation values) based on depreciation areas through Tcode AS92.
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Thank you for your immediate attention.

I think that you are trying to post prior-year assets.
You can use the standard programs:
RAALTD01 - Batch Input
RAALTD11 - Direct Input
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BAPI_FIXEDASSET_CREATE1
BAPI_FIXEDASSET_OVRTAKE_CREATE
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We have been told that many of the assets created as of 1/1/2008 have a different (lower) tax value than their beginning book value. Book value is correct for standard book depreciation.     Is there a process to update the tax value of assets created in SAP similar to the transaction AS92 used to update values for Converted Assets?
It was suggested that we use the method of Unplanned Depreciation tcode ABAA with TTY 642/652 to change the tax value of the asset. When I tested this I found the various tax depreciation methods were calculated based on the beginning book value for year 1 and not using taking the special depreciation into consideration until subsequent years.   This is using Depreciation Area 10, MACRS, Dep. Key M200.
Is there a better method of altering asset book value for tax purposes or a better way to alter the tax depreciation calculation so it takes Unplanned Depreciation into consideration during year 1?
Current simplified tax depreciation example:
Beg. BV $1,000
unplanned dep posted $100
tax depreciation for year 1 $100
tax depreciation for years 2-10 $88.88
The preferred depreciation is $90 years 1 - 10.
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I think I had the cart before the horse on this problem. The correct way to look at this is what is the best way to get the correct "Net Book Value" and not the correct tax depreciation posting as it never actually gets booked.
By knowing the incorrect Beginning BV, the rate depreciation is applied in year 1 and finally the desired Net BV value at the end of year 1 for tax purposes I am able to calculate the correct Unplanned Depreciation for tax to make everything work out correctly.
correct beginning tax BV $1,200
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depreciation $360 (20% of BV)
Unplanned depreciation $?
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With the know values above that makes my unplanned depreciation for Yr 1 to be $480. Year 1 and all following years depreciate correctly after the Unplanned Depreciation is posted.
I am marking this as resolved unless someone sees an error in my thinking.
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Jeff

System does not reset asset retirement date for Depreciation Area specific transaction after area has been deleted

Good day,
I needed to create a new depreciation area in a live system. The depreciation area would not post to the GL, but would be used for tax purposes in a currency other than the local currency. When creating this area the asset values were translated at the system exchange rate which did not agree with the values of the manually maintained tax register. I proceeded by creating new transaction types that would only post to the new area, one of which was an asset disposal transaction, which would be used for downward adjustment of the APC value. I made my adjustments at the end of the previous financial year, but had to start over and proceeded to delete the depreciation area to allow me to start over.
After reinstating the depreciation area, my original adjustments were removed, however the assets which APC values needed to be adjusted downward using the disposal transaction, was giving me the AA 478 Posting transaction is not possible (value date not allowed) error.
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Again, I do not have any documents which I can access or reverse to update this table. Is there any way to clear this field without reversing the disposal document?
I'm also looking at implementing SAP note 1618286, to make error message AA478 a warning. I could not implement SAP note 533378 since it only supports component version 46c and we are currently running component verson 605.
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Regards
Marius

If you are in Test System, you can use function module AA_AFABER_DELETE to totally delete the depreciation area (tcode SE37, specify chart of depreciation and depreciation area), After that recreate your depreciation area and run AFBN. But before you do that, have you created a retirement transaction type that limits the posting on your new depreciation area? If not create one.
Hope this helps.
Thanks!
Jhero

Error in Asset Value carry forward to next year

As a regular periodic process of Month/Year closing activities in SAP, Asset Year 2015 was opened and then closes the year 2014 and carried forward the Asset values to the year 2015. But unfortunately some of the Asset value had not been transferred to the year 2015. As a result, Depreciation had not been charged for those Asset for the year 2015. Need to transfer the Asset value to the current year immediately. Can any one help me regarding the problem ? The APC Start value is showing in the year 2014 but its not showing in 2015.
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Hi Erika,
I did that on last January 2015. First i use the T-code: AJRW for the Fiscal Year Change and then T-code: AJAB - for Year end-closing Asset Accounting as i did that for last 4 years. Though there was as error message indicating error in depreciation calculation, our consultant assured me that that will not create any problem. The Error was like below:
600981 0 Secretariat Table 2014 Error in dep. calculation

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Hello,
I would like to post retirement in the new fiscal year but with asset value date in the previous year so that NBV is calculated correctly. It is not possible neither in ABAON nor in ABAVN with any transaction type.
I always get message 'Asset value date and posting date are not in same fiscal year'.
Is there any way how to handle this?
Thank you,
Jan

Hi,
I have tried this but the settings of our Depr keys works in the way. That if you use asset value date in the new month it will calculate depreciation for the whole month.
This means if I retire with asset value date 31.12.2008 - NBV will be calculated as at 31.12.2008.
If I retire with asset value date 1.1.2008 - NBV will be calculated as at 31.1.2009.
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To Reduce Asset Value Which has Run Depreciation

Hi,
I have a request to reduce asset value, but the asset has run depreciation for three month in the system, I want to know how to reduce the asset value and recalculate previous depreciation posted value of the asset?
Please share the detailed procedure within the thread, if can provide the manual for this case step by step, it's better! Thanks in advance.
All suggestion will be awarded.
Tao

Hi Tao,
Do you want to reduce the Asset value from $10,000 to $ 5,000? If so, please post a Credit entry to the asset account.
        pstg
CR    75       Asset account         ****
DR    40       Concerned account ****
If you are in the same year, then the system would recalculate the Depr and post the difference in the next Depr run. But if you are in the different FY, then post a write up depr for the Asset value reduced (Depr on $5,000 in previous FY). Use t-code ABZU to post the write up.
Please revert in case you have any questions.

Need a help to write up the asset value(Land) which is not depreciated

Hi Experts,
My client want to write up the asset values(Land value) from 500000 to 750000. But this asset is not having any accumulated dep.
to write up the vlaues.
please could some one suggest how can we write up the values which are not having the accumulated dep.
i tried through tcode ABZU but i am getting the below error.
You cannot post write-ups
Message no. AA402
Diagnosis
None of the areas to be posted in accordance with the transaction type entered manages one of the depreciation types entered or cumulative values.
Procedure
Check the transaction type.
please could some one help on this.
Thanks in advance.
Regards,
Venkat

Hi Paul,
Thanks for your valuable inputs.
As per second option my client is not configured the Revaluation of assests, hence this is not applicable.
Then as per your first option we can go ahed on this.
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Thanks & Regards,
Venkat

What is setting for the depreciation calculate on the basis of assets value date

Hi ,
My client requirement to calculate the assets depreciation on the basis of assets value date,
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transfer Assets value date 15.3.2014
Wbs settlement Assets value date 20 .3.2014
second acquisition Assets value date 28.03.2014
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Asset value date and posting date are not in same fiscal year

Hi,
Our business user has created an asset under an incorrect asset class, which he is trying to transfer to a new asset whcih was created under correct asset class. However system is restricting user with the error message "Asset value date and posting date are not in same fiscal year". Can you please advise me how we can proceed further with this error.
Regards,
Asam.

Hi,
To transfer one asset to another asset within a company code can be done through ABUMN only.
While doing this transfer you have enter the document date, posting date, and value date for the transaction, but all these dates should be in same fiscal year only.
In your case you must have been entered the dates for asset value date and posting date , and these two dates are in diff financial years.
Please make sure that both the dates are in same FY.
Hope this will fix your issue.
Thanks,
Srinu

Different Asset value dates for different depreciation areas

Hi All
I have a requirement for different capitalization dates in different depreciation areas for some LATAM countries .How can this be achieved?

Hi
Hope you can achive this requirement by entering Depreciation calculation start date in depreciation area tab of asset master against each depreciation area
Depreciation calculation start date
'As a general rule, the system determines the depreciation start date from the asset value date of the first acquisition posting. However, you can also manually enter a calendar date in the asset master record for the start of depreciation. In that case, the system ignores the asset value date of the acquisition posting.'
Please check different scenarios in development system and then do it
Regards
Praveen PC

Depreciation to stop at net asset value "u00F6ne"

I am entering an asset and depreciating in straight line method.
The asset gets depreciated till the net value reaches zero.
What setting should be done so that the depreciation stops when the net asset value reaches "1" .
Regards

Create Cut off Key.Then assign to Depreciation Key.
Regards
Chandra

Asset Revaluation: Depreciation calculation not hiting revaluation accounts

Dear All,
I have to revaluate assets. I have done the configuration as follows:
1. Assignment of Balance sheet and Depreciation accounts for revaluation.
2. Configured depreciation key so that it will calculate the depreciation on the replacement values.
3. Selected 'check box' for 'Post Revaluation' in posting rules for my company code.
4. Defined the depreciation area for posting of acquisition and production cost and depreciation.
5. Selected 'All values allowed' for 'revaluation' in required depreciation area (01).
I am posting the revaluation on the asset through transaction 'AB01', after that in the depreciation posting run an accounting document is getting generated for revaluation on APC. The entry is as follows :-
70 Revaluation acquis. and production cost a/c x x x
50 Offsetting a/c revaluation APC x x x
This entry is correct as per the revaluation scenario but, no accounts are getting posted which are assigned in 'Account assignment for revaluation on depreciation' i.e.
1. Revaluation accumulated ordinary depreciation a/c.
2. Offsetting account revaluation ordinary depreciation.
System is not postign values on 'revaluation of depreciation' to these accounts. System is posting the depreciation revaluation amounts to normal depreciation accounts i.e.
1. Expenses a/c for ordinary depreciation.
2.Accumulated depreciation account for ordinary depreciation.
The required 'depreciation revaluation' accounts are not getting posted (in any period depreciation run).
Is there any other revaluation configuration that, I am missing here or is there any other way to post to these two 'revaluation on ord. depreciation accounts.' Can anyone shade light on this problem.
Regards
Aniruddha
Edited by: Aniruddha B Mahalle on Dec 19, 2011 12:42 PM

Dear Rohit,
Thank you very much for your reply. I followed the same procedure posted by you. While executing AR29, system is giving following error.
Revaluation data does not agree with date of depreciation posting*
Message no. APERB023
Diagnosis
You want to execute the revaluation posting in period 011/2010. This requires that this period was the last period posted by the depreciation posting run. No other period may be posted after that. The posting run for this period is also not allowed to be still outstanding. According to the log table, the last run posted was 009/2011.
The asset value date of the asset is 01.04.2011 and have to revaluate this asset in current posting perid (9). The fiscal year is from 'Aprl-Mar.
Could you please let me know the following things:
1. Is it necessay to select the checkbox for 'Post automatically' in the offsetting accounts.
2. I have created one transaction type 'Z80', it has an account assignment as 'Debit transction'. The posting type options selected in this transaction type are as follows
a. Post gross --> Yes
b. Do not post to affiliated company --> Yes
3. I should use the same transaction type/configure a new one or use any other std. transaction type in 'AR29'?
4. Is it the case that system takes current date as posting /revaluation date in transaction AR29, because from the error it seems that it is considering the curent date.
5. Which options from the 'control data for posting' should be selected from ' New valuation of an asset' tab page of 'AR29?
a.With depreciation write back.
b. W/out Dep. write vback
6. If i change the inputes in AR29 transaction, system is giving the following error:
''No records were selected''
7. What should be the correct inputs in transaction 'AR29'
Please help.
Regards
Aniruddha
Edited by: Aniruddha B Mahalle on Dec 21, 2011 7:12 AM

Asset Value depreciated to Rs 1 after 12 year

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