Group Asset Partial Retirement

Dear All,
I am using Group Assets and I would like to partially retire an asset attached to the group asset. The issue is that SAP is making a positive adjustment on the current year depreciation, and only this year's depreciation is incorrect. All the following years depreciate correctly, according to the newly calculated NBV. Does anyone know if there's something in Customizing that I can adjust or will my users have to manually re-adjust this?
Thank you!
Regards,
E.

Hi Sharif,
I think system is correctly posting to loss/gain account to the externt sales value and net book value difference. It should not go to asset logically, don't you think so? Why do you think it should go to asset?
I hope this clarifies your doubts.
Thanks!!!
Murlidhar Khatri

Similar Messages

Partial Retirement Error

Hi,
Asset Partial Retirement Transactions were posted to 3 Assets in the FY 2006, which was affected only in FI. Retirement values were not deducted from the APC & Depreciation was being changed on the value of APC without deducting the retirement value.
Example:
APC at 2006 FY start is Rs.68110. Partial Retirement was posted on 01.04.2006 with Rs.54,488.00 & APC should become Rs.13622.00 at year end. But still it is showing as Rs.68110.00 ( but retirement amount Rs. 54488 is posted to Asset GL) & same is carry forwarded to Current FY.
how can i adjust the APC value in Asset Master only for the Current Fiscal Year.
Regards,
Shekar.

Hi Shekar,
A lot of this depends on the accounting implications.
You could use transaction ABSO, transaction type 105, to reduce the cost of the asset.
Thanks,
Tammy

Group asset retirement

Dear Experts,
I want to retire partially and fully a group asset. I customized a transaction type to retire only that depreciation area (15), but SAP tells me that posting with transaction type not allowed. Does anyone know how to go about retiring that group asset?
Thank you!
Regards.

Hi,
As per my knowledge Group Asset is for Indentificatin of the similar assets in that group. When we are acquistion, posting retairment will happens only at asset level only. So please do at individual asset level.
please correct me if i am worng.
regards,
Gopi.P

Partial Retirement for Asset

I have an Asset with Asset number 1000, and this asset has inventory number of 31000, which has to items in this inventory number, ie: 31001 and 31002.
I want to have partial retirement for this asset, ie: I want to sell item 31001 only.
What are Tcode or ways that I can use?
Thanks in advance.

Hello
Choose Posting ® Retirement ® Retirement with revenue ® No customer
Enter the asset.
Check the date specifications, and make any necessary entries on the Transaction data tab page. If you do not enter an asset value date, the system automatically determines this date when you save.
Enter the revenue in the Specifications for revenue group box. Enter the:
Revenue amount
Depreciation area, from which the net book value should be used as the revenue amount
Enter additional posting information (such as document type) and the transaction type on the Additional details tab page.
In addition, you can also enter costs here that arose from the retirement. However, these costs are posted only as asset line items. However, there is no integration of this posting with cost accounting or the general ledger.
If you do not enter a transaction type, the system automatically determines one when you save.
To post a partial transfer, enter a posting amount, a percentage or a quantity on the Partial transfer tab page. Specify whether the retirement applies to prior-year acquisitions or to current-year acquisitions.
The system determines the appropriate transaction type automatically.
If you do not make any entries on this tab page, the system carries out a complete transfer.
Enter a text for the posting document on the Note tab page.
Save.
Using this transaction, it is not possible to:
Manually enter different amounts for different depreciation areas
Have the system propose depreciation areas for certain transaction types
If you need to use one of these functions, then use transaction ABAO.
Reg
*assign points if useful

Partial retirement in fixed assets

Hi,
we are having one strange fixed asset problem.. today we have processed all the fixed assets transactions from january to may
2000.. we did a partial retirement of an asset in dec 2001.. like we had 4 units of it and we retired 1 becaz it was stolen..
the transaction worked in december everywhere (like in fixed assets, general ledger)..now in 2002 this transaction is there
in fixed assets but not showing in General ledger so our fixed asset is not matching with general ledger.. so can someone
suggest that where we did the mistake??? any help will be highly appreciated..please let me know if i'm not clear enough
becaz i'm new to oracle finance...
Thanks.
Sandeep

Hi Experts,
can anyone help me how can i identify what account i should be set-up in Account Determination of Fixed Asset
(Administration> Set-up> Fixed Asset> G/L Account Determination):
i am using SAP BUSINESS ONE 2007 A (8.00.181) SP:00 PL:47
1) Retirement: Net Method
a.) Sales Revenue for Asset Sales Net
b.) Asset Retirement with Exp. Net
c.) Revenue for Asset Retirement Net
2) Retirement: Gross Method
a.) Leave with Expense Net Book Value
b.) Leave with Revenue Net Book Value
I can not run the Retirement of Assets because this part was not been set-up
and Please do sent me also the copy of PDF to my e-mail.. thanks..

Unable to retire group asset

Hi Experts,
I am having problem with group asset retirement. Differences exist between the individual asset and group asset. Although my individual asset NBV is all zero, the group asset still has some value. How should i configure so that whenever my individual asset is zero, the group asset is also zero (so that I can retire the asset completely)
Truely appreciate some advise. Thanks.

Hi
Firstly it is important you refer the note 371534 for information.
The correction code is obvioulsy in your system already.
Please check you run a fiscal year change (RAJAWE00) to year 2009.
Check : transaction code OAAQ and see what is the closed fiscal year?
(If issue pending, please. check Asset Capitalization date in this case)
FYI,
Please double check the following data whether these correspond
to the valid values via SE16 :-
1. T093B > Closed Year
2. T093C > Transfer date
3. T093C > Current Fiscal Year
With regards to the above, you will have to ensure that the
T093B > Closed Year is in line with T093C > Transfer date and
T093C > Current Fiscal Year is later than T093C > Transfer date.
Blaz
Edited by: Nathan Genez on Jun 9, 2010 8:18 AM

Partial retirement by quantity in assets

Hi
I would like to know how the system calculates the values if we retire assets partially by quantity. the asset has current and prior year acquisitions
please let me knwo the calculation procedure
Thanks in advance
Anand

Hi,
Acquire Quantity = 10 (2010) X 100 = 1000
Partial Retire = 4 (2011)
Dep for 2010 = 10% X 12 = 120
Current 10 Quantity Value = 880
Now you Retaire Q u201C4u201D here system calculate Total Amount / Total Quantity X Retired Q (800/10X4= 320)
Regards
Viswa

Config of Group assets - Tax Depreciation Calculation : India

Dear Seniors,
can you please explain the configuration of the Group assets and how exactly the tax depreciation calculation in India happens for the individual assets with scheme of entries.
Thanks and Regards
Sathish

Hi,
In India, depreciation on assets for the purpose of computation of net income as per the Income Tax (IT) Act 1961 is calculated over a block of assets instead of individual assets as allowed under the Companies Act 1956. Asset acquisitions and retirements are managed over the block level. The IT Act prescribes certain rates of depreciation to be used under the Written down Value (WDV) method over these asset blocks to compute depreciation.
The following are the customization settings that may be followed in the R/3 system in order to manage your assets in the income tax depreciation area.
1. Copy the standard chart of depreciation 0IN as provided by SAP and create your own chart of depreciation.
2. Use the depreciation area 15 for the purpose of management of assets under the IT Act. Make it statistical in nature. (Reference Transaction Code: OADB). Do not check the box negative net book value.
3. Specify that the Income Tax depreciation area takes over the APC from the book but not make it identical (Reference Transaction Code: OABC).
4. Create an asset class for the purpose of income tax blocks. This asset class will be used to create only group assets. (Reference Transaction Code: OAOA)
5. Specify that the depreciation area for income tax can be managed only for group assets. (Reference Transaction Code: OAYM). This would mean that depreciation for this depreciation area would be computed only at group asset level.
6. Specify that the asset class defined in (b) above will be used for creating group assets only. (Reference Transaction Code: OAAX)
7. Two period control methods (IT and NL) have been defined in the system for determination of start or the end of depreciation calculation at the time of a fixed asset acquisition or retirement. You may use these period control methods while creating the depreciation keys for the purpose of IT depreciation.
Calendar assignments have been made for the above mentioned period control methods in order to reflect valuation requirements as per the Income Tax Act (Transaction Code: OAVH). You may create your own period control methods depending on the fiscal year variant you use. The period control methods supplied are based on the fiscal year variant V3.
8. Depreciation Keys: The following depreciation keys have been created in the system. They correspond to the income tax blocks that are prescribed under Indian tax laws. They are as below:
Depreciation Keys:
1. IN1 - Tax Depreciation - 5% -
I Hope it will give you some basic guidance.
Regards,
Krishna Kishore

Partial retirement or transfer of current-yr acquis. not possible.

Hi sap guru
My client facing a problem while doing retirement .He created a new asset in asset class 8000 after that he done AIAB that is transfer the assest in to normal assest and than he done AIBU .After that he is trying to do complete retirement of the normal assest through F-92 or ABAON. The error is coming Partial retirement or transfer of current-yr acquis. not possible.
Pls suggest the solutions how to do the retirement .
Please help me it is on high priority
Regards
Varsha batham

Hi,
Using t-code ABAON:
If this is not a partial retirement, then do not enter information in this tab.
If it is a partial retirement, specify the amount, percentage, or quantity. Also, make sure the correct radio button is selected to specify the asset as a prior- or current-year acquisition.
Thanks,
Chad

Partial Retirement in ABAVN Transaction; Write-off quatity; ANLA-MENGE

Hi Experts,
I hv gonr thru one Z_Prog. & assuming like,
The Z-Prog. is pulling the data of ANLA-MENGE i.e. Quantity of a given Asset (Sub) Number(say, Asset_Sub_No_123). Say the quantity is 10 EA.
Then Z_Prog is doing Write-off of quantity of 4 EA.
Finally, doing ABAVN transaction,
So, am assuning like,
1) The Partial Retirement quantity in ABAVN transaction, is 4 EA!
2) The new/updated quantity of Asset_Sub_No_123 = 10 - 4 = 6!
3) i.e. updated ANLA-MENGE = 6!
Is my assumptions r correct?
ThanQ.

.

Group Asset deactivating

Hi Gurus!
Can anyone please tell me why the Group Asset IT........ gets deactivate while retiring the a single asset. Group Asset IT......... is assigned in Depreciation Area 15 . But still Group asset gets deactivated in background while processing. Why?. Is there any logic or funda behind this? But after complete retirement also, there is some amount present in book depreciation area NBV. Why?

This issue is solved.

Asset Partial scraping

Hi,,
I have one asset whose value is say. Rs 8000. But the part of the asset is scrapped it becomes Rs 2000. So remaining Rs 6000 will go to gross block. In this scenario how I will partially scrap this asset value from total asset value rs 8000 and how it effect from MM stock side also ?
Kindly reply it.
With Regards,
Samrat

Hi Samrat,
The partially scrap asset will have no effect from MM Stock side.
You can do the partially scrap using t-code : ABAVN.
Do as follow:
1. In "transaction" tab, Input the date.
2. Go to "Partial Retirement" , input the amount 6000 in "amount posted".
Then choose one of this : "Prior Year acquisition" or "From current year acquisition".
If 8000 RS is acquired in prior year then you should choose "prior year acquisition". But if 8000 Rs is acquired in Current year than you should chose "From current year acquisition".
The journal, which is created by system, will be as follow :
Dr        Write Off (expense)                            6000-xxx
Dr         Accumulation of depreciation             xxxx
Cr         Asset                                             -6000
The "write off" account will be determined on your configuration in t-code : AO90.
Hope it helps.

Group Asset De-activate Isssue -URGENT

HI,
We have configured tax depreciation.
1.for this we created one Group Asset- 10000
2.And we assgined this group asset to main assets-20000-20001-20002.
3.after some some we post retirement for asset 20000.
4.The problem is group asset is de-activating while retire the main asset - 20000.
5.So how to solve this issue?what is the solution for group asset activation?
please suggest,points will be rewarded
Thanks
Kishore

Hi,
I have One group asset which was assigned to 5 main assets.One of the main asset was retired.after some time we created one more asset and assinged to Group Asset.while posting to that new asset it is saying group asset is de-activated.in that case if we delete the de-activation date manually in AS22,it is accepting the postings.So how to solvee this issue without removing the date manually from AS22?
Thanks
Sap Guru

Error while creating Group Asset

Dear All
While Creating Group Asset I am getting the Following error:
No depreciation area in company code 1000 allows group assets.
Message no. AY160
Diagnosis
You cannot create group assets in company code 1000. There are no depreciation areas that can manage group assets in this company code.
Procedure
Make sure that you really want to create a group asset in company code 1000.
If so, then allow group assets in the desired depreciation areas.
Please advice.
Thanks & Regards
Kanwaljit

Hi,
Check the config in OAYM and OAAX.
Then your issue will get solved.
Thanks,
Srinu

Asset A/c'g- group assets

Dear frds,
Pls explain me the **only Group Asset Configuration - GL A/c's - Asset Creation- ** steps and also the fields what we have to give in the steps. I will assign points to U. Need each & every step & field.pls watch the following and give me.Pls dont give the links.
1.Copy Ref CODor Dep Area.
2. Delete other than Book Depn & Spl Tax dep.
3. Asset Class( A/c det,screen layouts,no range).
4. What GL a/cs should create?
5.Assgning the GL a/c's which fields we have to give.
6.Determine Dep area in Asset class - which check box I have to select.
7.----
8.----
9.----
10.----
11.----
12. AS21- which fields i have to give.
13. wher I have to link the Normal Asset to the group Asset ?
14.----
15.----
Thanks in advance.
Rajan.

follow these steps,
1. copy chart of dep: t.code : fc08
2. delete depriciatin areas
3. assign to company code; oaob
4.specify account determination, create screen layout rules
5.define number ranges; as08
6.define asset class ; oaoa
here you have to give no ranges, account determination for all asset classes.
7. determinine depriciation areas in asset classess; oayz
now you have one idea about your asset configuration. now before further, create your gl accounts for each asset depriciation, gl for asset loss, gl for asset profit on sales.
8. now you have to assign accounts for postings; a090
goto each account determinatin and assgin relavent gl accounts in all cloums
9. specify document type for posting depriciation
10. specify rounding figures of net asst book value/depriciation; oayo
11. define screen layouit for asset master data, depriciation areas, define base methods, multilevel methods etc.,
12.you have to maintain period control methods for dep run and maintain depriciation keys
13. now you should have one asset, so create one asset maser record; t.code as01, post the purchase transation by f-90
14. now you have to run the depriciation by t.code AFAB
GOTHROUGH AL THESE SETTINGS
before that decide abut your asset classes, create gl a/cs and then start from the first step,
regards,

Group Asset Partial Retirement

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