Clearing depreciation on a asset account
Hi Experts
In 2007, (Posting date is 2007.10.26) one asset is transfered from one profit center to another profit center.
Here 13960 is asset under 494 profit center
Here 13961 is asset under 480 profit center
10400010 000000013960 0000 494 17,142.75-
12150010 000000013960 0000 494 0.75
10400010 000000013961 0000 480 17,142.75-
12150010 000000013961 0000 480 0.75
By end of 2007, we have sold all the assets in profit center 494, so we have retired the assets. The depreciation on account 12150010 for profit center 494 0.75 still remained on account. Could any one let us know how to clear this balance.
In Trial Balance, we have this scenario. How to clear this balance.
12150010 is Recon account of type Asset.
12150010 Res For Depr - Gross Cost - 0.75
12150015 Res For Depr-Unit of Product 0.75-
Thanks
Rajanikanth
We have used OASV to take over the depriciation posted.
Thanks
Rajanikanth
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Where we have to create depreciation key in asset accounting for as02 ?
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where we have to create depreciation key in asset accounting for as02 ?
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Saimedha....
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/people/nathan.genez/blog/2008/06/26/reversing-a-depreciation-run-in-asset-accounting
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Where we have to open and close posting periods in asset accounting
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Re : How to reverse Depreciation documents for assets
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Hello Ramu,
Asset transactions have to be reversed using the reversal transaction of the application in which the original transaction was posted (for example, invoice receipt). You automatically go to the appropriate reversal transaction when you choose Postings-> Reverse document.
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Press Enter
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Reward points if i had been of help to you.
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Hi All,
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Dear All,
How to to How to Open & Close the periods in Asset Accounting for Depreciation ? Please let me know
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Clarification Regarding Asset Accounting Chart of Depreciation Copy
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SupriyaHello,
Make sure that the both the company codes are in a single country before assigning the same chart of depreciation.
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ERROR Message no. AU265 :While closing asset accounting year ------ URGENT
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THE ISSUE IS URGENT . Please help in resolving it.
One of our users have missed to do the repeat depreciation run for
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1. T-code AFAB
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Points will be rewarded if your answer helped.
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PrachiPrachi,
I faced a similar situation from 2004, we transfered that portion of credit memo into a dummy company code / Asset and a manual adjustment in 2007 for the credit memo portion... ofcourse there will be a difference but explainable...
In your situation... check if you can open 2007 repost the depreciation for 12 and clear this issue?
Hopefully this helps. -
What is the use of OASV transaction in Asset accounting
Dear Experts,
Could you please advise me clearly what is the use of OASV transaction in Asset accounting and which GL account we need to use for debit and credit while using this t code. Can you please provide me along with examples for better understand and that would be great for me.
Thanks in Advance,
MuraliTransfer Balances
In this step you can post balances to G/L accounts which have already been defined as reconciliation accounts. You can only post these corrections in company codes which have implementation status.
The transfer of legacy asset data using the legacy asset transaction does not affect the balances of the corresponding reconciliation accounts in Financial Accounting. Therefore no automatic balance formation or reconciliation takes place and you will need to manually reconcile the balances. You can ascertain the Asset Accounting values using of the asset list. When you start this report, specify January 1st of the current fiscal year as the report date. The system will then provide data as of December 31st of the previous fiscal year (in other words, no depreciation from the current fiscal year is included).
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Copy the balances from any suspense accounts to the Asset Accounting reconciliation accounts. -
Activation of Additional Account Assignments for Asset Accounting
Hi,
I am facing the problem while running depreciation run through AFAB in that the system giving the error message i.e the cost center I3010 is not relevant to business area 7211 but it is 7210.But when I check Cost center(I3010) Master Record it has been correctly assigned with as system saying with 7210 Business Area and not 7210.Eventhough I assgined correct business area in CCTR Master Record why this error is still coming.
And in the error help it is saying that you should make explicit assignment with 7210 business area and for this you have to make business area field as a readily input in cutomizing.After that I check in Asset Accounting additional account object I dont have business area at all.
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1.To rectify this where I have to make this BA field as ready input in customizing ?
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Can you plz explain with clear answer becz we are trying since pasy 2 days but the results are hopeless.
Waiting for quick reply.Hi E Pericherla
Have you checked up the relevant Asset master, regarding Cost Center and BA Assigned there.
REgards
Chandrasekaran -
Clarifications in Asset Accounting
Dear Experts,
Please clarify below questions.
1) What is the difference between Depreciation Area and Depreciation Key?
2) What is the importance of Recalculate value button in Asset Accounting?
3) Suppose I have 1000 assets, if I want to run depreciation only for 200 assets how can I do that?
4) If suppose I have 5 Depreciation areas, I am able to see the book depreciation values only, where I
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6) Where we have to create number ranges either in Production or Development Environment?
7) How can we transfer GLs from one environment to another?
Full points will be assigned as way of thanks
Regards,
VineelaHi Krishna,
Thanks for your reply,But still I need some more clarifications please respond........
2) What is the importance of Recalculate value button in Asset Accounting?-
(A)recalculates depr when asset parameters are changed
Where it will be there as it(recalculate button) is not there in AFAB
3) Suppose I have 1000 assets, if I want to run depreciation only for 200 assets how can I do that?
(A)select those 200 and run depreciation
Here Assets Selection option is there only in test run not there in update run.
4) If suppose I have 5 Depreciation areas, I am able to see the book depreciation values only, where I can see the other depreciation values? If we cant see for which purpose we are using other depreciation areas? (A)use AW01N- you cans ee all dep areas
In AW01N only book depreciation values is displayed,how can I see other depreciation area values
Regards
Vineela
Edited by: Vineela Siri on Apr 9, 2008 7:22 AM
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