Stop Depreciation of an Asset

Hi Gurus,
We have an asset that was capitalized last March 2011with useful life of 3years. To be specific, the item is a television set.
Goods receipt was transacted last March for this asset with ttype 120 with an entry of Dr. Asset and Cr. GR/IR Clearing Account.
2 months of depreciation were already posted last April and May 2011.
The problem is that the department head told our accounting dept that this item should not be treated as an asset and should be charged to a personal expense.
Kindly advise on how we can stop the depreciation this month June and the succeeding months. Pls advise also on how can we correct the previous postings that were already made on this asset (GR and depreciation) given that the books for the previous months were already closed.
Thanks,
Ellicec

Dear:
Please check if reversal of the Past Depreciation(posted) is possible through Write-Up ABZU - Miscellaneous is the transaction used for Write-Up of past depreciation.
Transaction effects will be like
Accumulated Dep A/C Debit
Deprecation exp a/c A/C Credit
For more info please check link
/people/nathan.genez/blog/2008/06/26/reversing-a-depreciation-run-in-asset-accounting
OASV can give credit to Acc dep posted for an asset class but not to a particular asset.
Regards

Similar Messages

Stop depreciation for an Asset

Hi,
I understand when we create a asset master, the number of life years and the depreciation key are copied from the asset class it belongs to.
However, the finance side requires to pause depreciation for a asset, or they could want to stop depreciation for this asset, and how do we go about doing it? The situation now is that this asset already have depreciation posted.
I appreciate any help.
Thanks

You can use the asset shutdown functionality so you can pause the depreciation for a given period of time.
AS02 > Time dependent tab , click the asset shutdown. In case asset shutdown is not available, check spro and customise fixed asset master data.
Hope this helps.
Regards,
Robert Sayo

How to stop Depreciation for some assets & start again.

Dear Friends,
We have a requirement where we have to stop Depreciation for some assets as they are not in use and again post depreciation when they put in use.
For ex: Asset Value is 10,000 and monthly Depreciation is 100. Asset has been depreciated for first 6 periods in year with 100 each in every month & we want to stop depreciation for coming 3 months and post depreciation when they put in use. Asset should not be depreciated when they are not in use and calculate regular 100 if we run depreciation again if we put in use. So total Depreciation of the asset for the year should be 900 (First 6 Months & last 3 months).
Please explain step by step process to do this and your kind cooperation to solve this issue is highly appreciated.
Points will be rewarded for sure if my problem solves.
Thanks & Regards,
Naveen Kumar.

Go to AS03 Asset Master/Dep tab and observe the dep key
Goto AFAMA and select that dep key and click on assignment of calculation methods
You can see last row for shutdown field and select YES
Go to asset master at AS02/Time dependent data and select shutdown check box and enter period
If shutdown check box is not available goto as03 and goto menu environment-screen layout and master data and identify the screen layout number
Go to SPRO-Financial Accounting (New)-Asset Accounting-Master Data-Screen Layout-Define Screen Layout for Asset Master Data-Define Screen Layout for Asset Master Data-
Select your screen layout and click on logical field groups and select 3 (Time dependent data) and click on field group rules and make shutdown field as optional.
This will allow you to change the shutdownfield asset master data.
Srinivas

Stop Depreciation for particular assets for a period Temporarly

Hi Friends
I Need to Run the depreciation for october, but my requirement is , i dont want depreciation to be calculated for few assets for this period october as these asses were transfered to other cost centers, i need to stop depreciation to be calculated in this depreciation run and run it latter for the same period.
Is there a way to do this.
Thanks in advance
Javeed
Moderator: Please, search SDN

Hi....
As per your issue
1. Use shut down tick mark in the respective assets masters in AS02
2. Block respective assets masters for temporary purpose
3. And change the Depreciation keys to 0000
Once run the depreciation for October and replace all the settings.
I hope it will helps you.
Regards
vamsi

What is the best way to stop the depreciation of an asset

I had tried ticking the asset shutdown field, but it didn't works. I change the depreciation key , e.g. 0000-zero depreciation, it works, however i do not know what is the implication of doing this.
What is the best option to stop depreciation of an asset?
Thanks.
Best Regards,
Roberto Sayo

Hi,
No depreciation for a period of time
If you have an asset which would not be used for production purposes for next six months as the plant is being closed.
Therefore you don't want to retire the asset and neither do you want depreciation to be carried out during these six months period.
Once the plant is opened, from then on, you want to execute the depreciation run.
You can utilize the Asset Shutdown feature on the Time-dependent tab of the asset master record.
Select the Asset Shutdown checkbox - create a time interval - Save.
If you cannot find the checkbox, it could be hidden :-
In AS02 click Environment -> Screen Layout -> Master data
Select the Screen Layout and click Logical Field groups
Select 3 - Time-dependent and click Field group rules
Tick Opt, Mnno and Sbno - Save
Optionally,
you can set the Depreciation key in the Deprecation Area Tab.
You can also change the depreciation key to '0000' (No depreciation and no interest) for each of your depreciation books. Just make sure you have run depreciation up through the current month before doing so. When you are ready to put the asset back into service, reset the keys to their original values. The system will calculate no depreciation during the months where you have the key set to '0000'.

Stop depreciation of a Fixed Asset

dear all
my client wants to stop depreciation of some assets due to impairement, so when i change the depreciation type of those assets to No Depreciation it cancells all the depreciation has been done for the current fiscal year. is there anyway i can handle this.
thanks in advance
kanishka

The best way for you is to restore from your latest backup. Otherwise you might have to take more time to find the deleted information. The longer the time laps, the harder the restore.
Thanks,
Gordon

Depreciation of an Asset on Shift basis

Hi Guru's
We are facing a situation where one asset is used in shift as stated below.
Business want SAP to calculate depreciation for the below shift.
Please share your inputs on how to meet the business requirement.
SHIFT DETAILS: 3 shifts for the first 6 months, 2 shift for the next 3 months and 1 sift for last 3 months.
Regards
SF

Hi Lidia,
I have done the following step:
Step1:
1) AS02 - In Time dependent tab - clicked on Asset Shutdown.
2) Noted down the depreciation key as 1004 & 1044 from the tab Depreciation Areas from AS02.
Step2:
In AFAMA, I have changed the the shutdown option to YES for both the Depreciation areas identified from AS02.
Now my question is do I need to do anything else. And will the setting be left as it is.
And Client is going to scarp this asset as next step.So do i need to any other step apart from this to stop depreciation with respect to scrapping asset.Or whether it is temporary stopping or permanent stopping of the asset the same action has to be taken ??
After the scrapping of the asset shoud I need to change the setting back of the depreciation areas of the shutdown option.
Pls reply soon..As always i will assure you points..

Stop depreciation for few months

Hi,
I want to stop depreciation for few months.
For those months system should not calculate the depreciation.
for example, i dont want to calculate depreciation for assests for the sep, oct months, after that system should calculate depreciation.
how to proceed this.

HI,
The system will calculate the depreciation based on the useful life defined. But depreciation won't be calculated for the shutdown period as defined in the Asset Master.
For example if you define 12 periods (1 to 12) of useful life for an asset, and assume that shut down period is 3 and 4, then the depreciation won't be calculated for period 3 and 4 but the useful life of the asset will be extended to the period 13 and 14. (i.e period 1 and 2 of next year). and the depreciation will be calculated for period 1 and 2 of next year.
Thanks
Prasada

Stop Depreciation for a specific Dep Area

All
I am able to stop depreciation for a specific period. My requirement is to stop depreciation for a specific Depriciation Area -01. My client has 4 dep area's (01,02 & ..). Depriciation has stopped in both the depriciation areas (01&02). I had activated Asset shut down and increased the useful life only for Dep Area 01 & not Dep area 02. Both Dep Ar. 01 & 02 use the same Dep Key. Client requirement is Dep has to be stopped for a specific period and specific Dep Area(01). I had stopped dep for a specific period but this has stopped for both the dep area's (01&02)..
Is there a solution to the above. Please let me know if any.
Regards
Sekhar

Check by marking indicator D-Default value from company code and depreciation area in definition of depreciation key in AFAMA.
Thanks and regards
Kedar

Is it possible to stop depreciation for a certain period?

Hi all,
I am wondering if it is possible, and how it is done if yes, to stop the depreciation. For example in the 2nd year of an asset the user wants no depreciation on that asset for 5 months, after which the asset starts depreciating again. Also life is prolonged for this 5 months.
Thanks for ideas!
D.

Hi,
You can Use Shutdown check box and give the shutdown interval in the Time dependent data tab of Asset master.
Regards
shankar

Stop depreciation

< MODERATOR: Message locked. Please post this message in the [Controlling forum|SAP ERP Financials - Controlling;. >
Hello all,
I need some help from you.
Is it possible to stop the depreciation of an asset in SAP?
Thanks a lot

Hi,
You can block an asset (AS05).
Regards,
Eli

Stop depreciation and interest on one depreciation area

We have area 01 depreciation and area 70 - which for us is a managerial (statistical) depreciation posting with interest. When this depreciation and interest is posted the offset is to a contra account so when looking at the FI side it nets to zero. The asset is owned by the leasing company and we indicate on the time dependant tab which operating company is getting the statistical depreciation and interest.
Our issue is the they 'transfer' these assets to another operating company with a fair market value. The asset itself does not leave the leasing company and true FI depreciation is not touched. Since we need to show a new value for the asset for the statistical depreciation and it gets a new depreciation schedule we found creating a sub asset and doing ABSO to 'write up' area 70 with the FMV of the transfer amount allows us to start the statistical depreciation to the transfered operating company with no issues. The issue is stopping the area 70 depreciation and interest on the main asset - to the first operating company.
I tried putting a scrap value equal to the remaining book value on the main asset in depreciation area 70 and that did stop the depreciation - but it's still trying to post interest for the next period and beyond.
Ideas? Options you guys can think of?
Thanks
Karla

Hi,
a) Copy the retirement transaction to a new one and restrict it to post only in area 70. You can then completly dispose the asset in that area.
b) Use/create a depreciation key in that area that has Shutdown = Yes. In the time dependant tab you can then set the asset to shutdown and it will stop depreciating.
Kind regards

Where we have to create depreciation key in asset accounting for as02 ?

Hi all
where we have to create depreciation key in asset accounting for as02 ?
Regards
Saimedha

Hi,
Saimedha....
AS02 is for Asset change..........here you can change only dpercaition keys.......
You can define in AS93..........under Takeover values.
Also u can check the value at AS02 under Deperciation area at initial tab ..you can see there at Menu Bar..
Regards
Ricky

Error occured while doing depreciation for an asset

Hi,
I could running the depreciation for an asset in AFAB t-code.
The msg is ""Testrun Completed successfully" and "No document were created for this run". I have purchased the asset for the month of April and wanted to run the depreciation for that month.
Please Advice.
Thanks
Bnoy

Dear Bnoy,
If you look at the message itself saying Testrun completed successfully. So mean you are runnning depreciation posting program in TEST RUN mode, so it is understood not to post any document in system in real time and if any error occurs must show in simulation mode.
If you dont found any error in TEST RUN, next running time remove TEST RUN and execute the same again, here at this time system will post the document and asset explorer will get updated with posted values.
I hope this will help you to understand depreciation posting functionality, and you will be able to overcome the facing issue.
If you have any doubts feel free to share, you are welcome !
Regards,
Pankaj A Bhalerao.

Calculation of Depreciation for Group Asset

Hi Experts,
I am getting a problem while doing depreciation for group asset
Ex: 80,000; Rate 10%
total depreiaiton p.a is Rs 8000/-
as per the Indian standards if it is below 180 days it should take Rs 4000/-, but in my system it is showing Rs 3333.33
my depreciation start date & capitlization date is 01.11.2007.
Regards,
Satya Vani.

Dear,
Reshma.
Looking at your Questions let us take explanation for Group Assets :-
1 ) We need to create new different asset class for Group Class in OAOA. Then permit the depreciation area for only Group Asset in OAYM as it is in your current scenario India is Depreciation Area 15 Just select your company code in OAYM and check the Grp Asset field for respective area 15. Then go to OAAX here we have to maintain the assets classes particularly for Group Assets. So check your Group Asset classes for Group Assets. Cerate different Group asset classes for your said requirement.
In these depreciation areas, it is then possible to make an assignment to a group asset. You make this assignment in the specifications for the depreciation area in the asset master record. When you post an acquisition to this kind of asset, the system duplicates the line items from this depreciation area on the given group asset.
2 ) According to me you have to create different depreciation keys for Group Asset classes. Assign the Depreciation keys to your newly created Group Asset Classes in OAYZ and make sure you are deactivating 01 area which is Book Depreciation area.
3 ) As far as I know this is the only functionality available to handle Group Assets. How ever SAP does not have any standard Group Assets functionality. SAP does not supply asset classes to be used solely for group assets. It is we have to determine as per varying Business Process.
I hope this will clear your doubt makes you to understand. Please revert back for further clarification. Welcome you.
Regards,
Pankaj A Bhalerao.
Edited by: pankaj_ab on Feb 3, 2010 8:26 AM

Stop Depreciation of an Asset

Similar Messages

Maybe you are looking for