Assets already depreciated
Hi All,
Though the problem has raised out of PS but found this is the appropriate group to raise my question. Actually there were a number of assets which were created last year in 2011 through normal acquisitions. Some of these assets already has depreciated values. Now our client wants to post these assets through settlement of WBS i.e. re route through PS.
What may be the procedure now? I think I may create a new asset for the ones which does not have any depreciation values and assign this to a WBS but what about the ones which already has depreciated values. Can I revert the acquistion? What will be the impact then on accounting of these assets?
Hi,
i have posted a fourm with user534587 adding a parameter to existing report in GL module
does any one please help me in this issue its very urgent my client is asking for this report.
i will be very thankful to you .
Regards,
Azeez.
[email protected]
Similar Messages
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Asset already depreciated but need to switch it to depreciation by the day
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If an asset has been depreciated half-way & the user want to switch to depreciation by the day, how can I go..?
Should I transfer the asset to another asset which has this depreciation key?
Pls Suggest.
Rgds,
MercyHi,
That was my requirement. What it mean by wrong forum? Was the question is wrong ?
Mercy -
Adding an already depreciated asset in Fixed Assets module from a manual sy
Guys can someone help me how i can be able to show depreciation for assets that have already depreciated in a manual system.
When am adding assets in the EBS FA module, the module is considering the assets as new and the prorate is depreciating the assets after 6 months as an accounting principle offcourse this is true for new assets.
But in my case the assets are old in my organization, I would like to enter the accumulated depreciation for these assets and there original cost.
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i have posted a fourm with user534587 adding a parameter to existing report in GL module
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i will be very thankful to you .
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Azeez.
[email protected] -
Asset Accounting - Depreciation Repeat Run
Hi Seniors,
Depreciation run upto period 7 is over. Now, client wants to create few Intangible assets and depreciation needs to be run from period 1. I created one Intangible asset in Quality Server and tried to do repeat run for that particular asset. It says the posting will be done in Period 7. But, client wants the depreciation to be posted every month. Is there any way for this? Periods are open.
with sincere RegardsHi Kumar,
Repeat run option is only for running the depreciation for the previous month only in this case period 7. The system calculates the amount from the period 1-7 and posts in period 7.
One option you can try is. You can create the repeat depreciation run for period 7 for this particular asset in background and process the same in foreground, changing the posting date and amount. Make sure your period is open.
Test this scenerio in your test client.
Regards
Sridhar -
Query to fetch those Assets whose Depreciation has not been run.
Hi all
Please help me in framing a query which would help to fetch Assets whose Depreciation has not been run.
I am using R12 Instance.
Regards
Nakul.VHi Experts,
After i tried a few times, i can successfully start prepare with upgrade asistant monitor - Administrator >> Start Prepare,
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Hi,
When i was checking the Depreciation calculation for group assets the depreciation periods its taking 6/12
as we know the assets which are purchased from 1st april-30th sep is 12 months of dep and 1st october-31 st march its 6 months of dep.
but here in system if auqistion of asset is in 1st april also its taking 6 months..how is this possible?? what configuration has to be done for this?..
Please help me on this
Thank you.Hi
Check the depreciation key in Asset master. In AFAMA check the period control method assigned to this key and in AFAMP make necessary changes
Thank You, -
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
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11i Oracle Assets - Nullyfying depreciation reseve of a number of assets
Our furniture and fittings category in a tax book had been depreciating under the defined rules all this time. A government regulation now instructs that we should not depreciate furniture and fittings items purchased before 2009.3.31. But this direction came this week, so these asset had been depreciated and the Net Book value as of now shows these assets as depreciated till Jan 2010. The requirement is to reverse the depreciation of these assets from Jan-10 to Apr-09 and stop these assets from depereciating further.
In other words, the Net Book Value of these assets when viewed in Jan 10 or any period after Mar 09 should reflect the NBV as at Mar 09
P.S : This is not a journal posting enabled book. We use it to report to the local tax authorities
MirangaHi,
Did u find a solution to this ?
Regards,
MPH -
Asset unplanned depreciation posted wrongly
Dear all,
For 100 assets unplanned depreciation posted wrongly. In AB08 reversed the documents but FI document is not generating for that. After this when I am doing repeat run in AFAB then normal depreciation is getting effected by this run. How to reverse the previous wrong run and post correct one Kindly suggest. Its very urgent.
Regards
Roomiyou can reverse posted depreciation by using OASV, but be VERY careful
that you reverse the FI and CO postings.
Thanks & Regards,
Suresh -
Group Assets IT - Depreciation
Hi All,
I am calculating Depreciation on Assets based on Income tax act of India.
Based on this the assets purchased less than 180 days should 50% depreciation charged.
this is running fine when I calculate the depreciation on Individual Assets.
But Client request for Groups Assets, So I assigned the Groups assets.
In case of Groups Assets. Depreciation for the assets less than 180 days also it is calculating the 100 % Dep.
Any one know how to solve this. Is there any settings needs to be change?
Thanks
RaviHi,
In OVAH
settings is maintained like this.
K4 01 Pro rata at period start date 0 0
K4 02 Pro rata upto mid-period at period start date 1 15
K4 02 Pro rata upto mid-period at period start date 2 14 1
K4 02 Pro rata upto mid-period at period start date 3 15 2
K4 02 Pro rata upto mid-period at period start date 4 15 3
K4 02 Pro rata upto mid-period at period start date 5 15 4
K4 02 Pro rata upto mid-period at period start date 6 15 5
K4 02 Pro rata upto mid-period at period start date 7 15 6
K4 02 Pro rata upto mid-period at period start date 8 15 7
K4 02 Pro rata upto mid-period at period start date 9 15 8
K4 02 Pro rata upto mid-period at period start date 10 15 9
K4 02 Pro rata upto mid-period at period start date 11 15 10
K4 02 Pro rata upto mid-period at period start date 12 15 11
in the table details shows like this.
Table: T090NP
Displayed Fields: 15 of 15 Fixed Columns: 3 List Width 0250
MANDT AFAPL METPER PERBZU PERBNA PERBAB PERBUM XBZDAT PERBAW PERBIF PERBAA PERBZR PERBD1 PERBD2 PERTXT
740 0AT 007 04 06 05 05 X 04/06/05/05
740 0BR 007 04 06 05 05 X 04/06/05/05
740 0PL 002 11 11 11 11 X 11/11/11/11
740 0PL 003 01 01 01 01 X 01/01/01/01
But any where I have to Assign this steps to Deprecation Key for Groups Assets?
thanks
Ravi -
Block the Asset for Depreciation Posting
Hi All,
Can anybody please tell me as to how to block the asset from depreciation posting. I need to stop the depreciaiton being posted to some assets.
Regards,
S.SumanTick the "DEACT" check box in depreciation area tab in asset master (AS02). This will deactivate depreciation posting to that perticular asset.
Harshal -
Block assets for depreciation run
Hi everyone,
Is there a way to put a hold on few assets in a company code from running depreciation, meaning I want the depreciation posting program (AFAB) to skip the selected assets (assets of my choice) for the current periods depreciation run? However, system should calculate depreciation for rest assets in that company. Please advice! Will surely award points for all your help
Thanks in advance,
KumarHi Dominic,
I really appreciate your advice! But, is there anything else I can do to block the assets for depreciation other than checking the indicator Shut down? Because for the assets of my interest the field Shut down is suppressed in the screen layout rules. Please advice!
Thanks,
Kumar -
Adobe workbench errors on checkin: Asset already exists / file already exists
Adobe workbench for Myserver checkin gives errors: "Could not create the asset because the asset already exists" and/or "File already exists in global store with that name". How does one fix this?
This seems to especially happen when I change login to workbench user/configuration/"mode" etc.If worst comes to worst:
Save relevant directories in completely separate windows backup directory path.
Remove all sub-folders from LC workbench (everything below the /1.0 leaf).
Restore directories from backup path.
This seems to ALWAYS work. -
Asset Unplanned Depreciation posting for period 12 where ord dep is posted
Dear Experts,
I have a requirement where i want to post Unplanned/Manual depreciation for asset for period 12 where i have already posted ordinary depreciation and now when i am trying to change the post key i am getting a message "Enter a depreciation key with 'depreciation by days'
Is their any possibility where i can post some depreciation amount manually or through unplanned depreciation for period 12 without disturbing Planned depreciation amount.
Regards,
RahulNo,
a depreciation key with 'depreciation by days' you can only change in a depreciation key with 'depreciation by days'
This is set-up in the depreciation key
This is the help:
Depreciation calculation to exact day
Specifies that the system calculates depreciation to the day.
Use
Any period control methods entered in the depreciation key are ignored for the entire useful life of the asset. This applies to all transactions (acquisitions, retirements, and transfers). The system always uses the asset value date as the depreciation start date.
The "depreciation to the day" function becomes active for an asset as soon as the asset has a corresponding depreciation key and the asset is capitalized (posted to). Once this takes place, it is no longer possible to switch off this function for the asset, even if you change the depreciation key. On the other hand, it is not possible to activate this function for an asset after it has already been capitalized using a different depreciation key. -
How to exclude an asset from depreciation
At end of audit for March 2014, a part of an asset was reduced and charged as a period cost. Financial year was opened to post this transaction and was closed after it was posted. It was posted in an asset class which depreciates at 20%. The client does not want to depreciate that asset as that was posted on the last day of the year. I have two questions regarding this transaction: 1. Is there any way to exclude only a part of an asset transaction? Per my knowledge, as it is a part of an asset class, removing depreciation key is not a possible solution. 2. Should they post depreciation in repeat run as depreciation for 11 periods is already posted?
Hi Pravin,
It is complicated now. Please share your system release and are you using new or old depreciation method. (Is EA-FIN Active)
If i were you, In test system i will try to post a document with reversal value, in current period with current posting date, but try change the "Asset value date" in line item field, using AB02.
Than check if system is reconsidering the asset depreciation amount for whole year in current period. (execute AFAR, on specific asset and check if change happens)
I hope that shall work.
Than you can make the required adjustments in appropriate periods per audit concerns in P& L or B/S accounts.
Pankaj Bansal
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