Depreciation On Retired Fixed Assets

Need assistance in troubleshooting an error reported during depreciation process. Error occurs when starting the process "GAINS/LOSS" section of the run. It reports error in CCID for a particular asset which has been retired due to sales. We've checked already checked all set-up relating to depreciation & retirement, which looks ok. Process goes through without error when we "unretire" the asset.
Any suggestions on what else to look out for?
WY Yap (m'sia)

Hi
Th reason for this is that retirement (scrapping) is calculated
as netbook value - less planned depreciation from the start fiscal year
until date of retirement) disregarding depreciation runs for the
period
Note 1162647 it does not explain this particular scenario
but in general refers that retirement is based on calculation on
planned annual values
Example:
Fixed asset values
start fiscal year 2008 (start 01/01/2008) is 1200
the useful life is 24 months = 50 to be depreciated per month
last depreciation run was for period 01/2008 , meaning the
netbook value was after that 1150 =(1200 - 50)
Then post retirement (total scrap) on 01/06/2008
The system will do retirement for the values calculated for the year
950 = (1200- 250 ) being 250 = 50 * 5 months (from start fiscal year
until date of retirement)
The depreciations will also being calculated and executed from
start fiscal year until date of retirement)
If this is not the case, I am afraid that you have to log a message on Sap portal for the assistance.

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Th reason for this is that retirement (scrapping) is calculated
as netbook value - less planned depreciation from the start fiscal year
until date of retirement) disregarding depreciation runs for the
period
Note 1162647 it does not explain this particular scenario
but in general refers that retirement is based on calculation on
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APP-OFA-48400: ORA-06550: line 1, column 7:
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Number of failures: 0
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DEAR
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>   if going for one time rev .give seperate rev measure.in define rev measure screen.
>   post revaluation in abaw.
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define reval measure
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Hi
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Thanks in advance

Hi,
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Procedure
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Hi Suresh,
Thanks for you feedback.
I had already tried your suggestion; it was the actions which I mentioned under the point (1) in my message.
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Hi, everyone know haow can I use API to retirements Fixed asset, what is the several set up?
Mass External Retirements
please
Edited by: 1010437 on Jun 7, 2013 3:53 AM

Pls check with this API
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Oracle Assets Retirements/Reinstatements API Documentation Supplement [ID 206476.1]

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Dear Expert,
Could you please let'us know how to cancel automatic depreciation in fixed assets
Depereciation : Depreciation run
Possibility to cancel capitalization: yes
Version: 9 , PL:09
Thank you for your feedback
Kind regards,
Med

Hi
Below is the SAP Note for Cancel Depreciation.
1974682 - Posted Depreciation is cleared after Captalization is canceled
Symptom
Posted Depreciation in Fixed Asset Master Data ->Depreciation tab is cleared after Captalization is canceled.
Reproducing the issue
Prerequisites:
Enable Fixed Assets is ticked Administration->System Initialization->Company Details->Basic Initialization.
Scenario:
1. Define a Fixed Asset
2. Create AP invoice (Purchasing AP->AP Invoice) or Capitalization (Financials->Fixed Assets->Capitalization) for fixed asset and planned depreciation for each month is 100 for example
3. Run depreciation to post depreciation for this asset, for example 400 is shown in 'Posted Depreciation' column in Fixed Assets Master Data ->Depreciation Tab
4. Cancel the document you have created in step 2 via Data->Cancel
Actual behavior:
In fixed asset add-on: The posted depreciation remains in the 'Posted Depreciation' column in Fixed Assets Master Data ->Depreciation Tab
In Business One version 9.0: Value in 'Posted Depreciation' column in Fixed Assets Master Data ->Depreciation Tab is cleared.
Cause
Behavior change.
Solution
In Business One version 9.0, there are three status for asset master data, which are "New", "Active" and "Inactive". If the status of the asset is "New" after its first capitalization is cancelled, no data would be shown in the grid in Asset Master Data's Depreciation tab. But users can still run depreciation again to clear the posted depreciation.
And In Business One version 9.0, users can define the default behavior when canceling the first capitalization document via Document Settings form -> Per Document tab, and choose Capitalizatindocument -> check box 'Deactivate Fixed Asset After Capitalization is Cancelled'. If this check box is chosen, the status of asset master data will be "Inactive" after its first capitalization is cancelled, otherwise, the status will be "New".
With Regards
Balaji Sampath

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I used BAMasterDataImportFile to import the Fixed Asset. But the message as below appear :
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From:
Eric Tan

Hi Eric,
Please refer your error with the possible reasons below (from SAP notes):
Error message: "Import End; Number of imported assets:0; Number of processed asset:2"
Reason: Note that there is no error. It is usually because of the conflict of Depr. Start Date , Use Life and Remaining Life.
The following is a list of possible errors:
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3. Wrong Date Format DD-MM-YYYY or MM-DD-YYYY -- The correct date formats should be : YYYYMMDD, YYYY-MM-DD, YYYY.MM.DD or YYYY/MM/DD
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Import Fixed Asset for the current fiscal year -- The fixed asset master data import function is designed for legacy data importing. We recommend you to import fixed asset master in the past years. If you insist on importing an asset for the current fiscal year, make sure the depreciation start date is the first date of current fiscal year and the Remaining Life is the same as the Useful Life.
Year Values -- the sum of the accumulated depreciation (planned, unplanned and special depreciation) in the csv file is greater than the acquistion and production costs.
Also, don't forget to change the fixed asset mode to transfer. Administration>System initialization>Company Details> Basic initialization tab.
Hope this helps.
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Depreciation On Retired Fixed Assets

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