Can we Write off an AUC

I have created an asset as AUC and I incurred some expenditure on it........later management wants to write off that asset, can we do this.............if yes what woul d be the entry passes in sap..........

Hi
Yes..  You have 2 options
1. You can scrap the asset using ABAVN
2. You can use ABSO - Trans Type 101 - and a P&L account... This would debit the P&L account and Credit the AUC
3. Try to settle the AUC asset to a GL account with GL as the settlement receiver
BR,Ajay M

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    >
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    >
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    null

    Diana,
    Here's another response from a (very) senior Projects consultant. Her comments are in CAPS, so they can be dinstinguished from your comments:
    "I recommend following the approach she outlines in Section 2, with the following additions:
    SECTION 2) use the "special" transfer adjustment option to transfer the Transaction from the originating billable task to a non-billable Destination task on the project in question. CORRECT.
    A) SET UP THE WBS TO HAVE A TOP LEVEL NON-BILLABLE TASK, ON EVERY PROJECT, WITH A TASK NUMBER OF :"WRITE-OFF".
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    THAT'S ABOUT IT. HOPE THIS HELPS.
    BEST REGARDS, PAT"
    null

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