Write-Off(obsolete) Asset

I would like to set the asset status as written-off through the back-end using SQL statement.
Which table and fields shall I need to update, such that the asset becomes written-off(obsolte)?
If anyone have answer for the above, could you pls. reply to my email id "[email protected]"
Thanx in Advance

Similar Messages

Write off the asset

Hi,
Please can someone advice me how do we write off the asset.
Regards,
Parul

hi
You can call up the asset history sheet as a totals list, or as a detail list showing individual assets. The detail list shows the capitalization date for each asset, and, if applicable, the deactivation date and any transactions in the year being reported.
There is a special history sheet version defined for showing special reserves for special depreciation. This version shows the
·        Initial balance
·        Allocation to special reserves
·        Write-off (depreciation) of special reserves
·        Write-off of special reserves due to asset retirements
·        Write-off of special reserves due to transfers
·        Closing balance
Procedure
       1.      Call up the report for creating the asset history sheet (Info system ® Report selection ® Balance sheet explanations).
       2.      Enter the start parameters for the report. Make the following particularly important entries
         Company code for the report
         Report date
         Sort version that you want to use
         Asset history sheet version that you want to use
         Use the current book value indicator to specify if you wish to show planned annual depreciation, or the depreciation already posted.
       3.      If you have not posted the actual retirement of low value assets, you can use the asset history sheet to simulate their retirement (in order to minimize the transactions necessary for their retirement). In this case, enter the asset class for low value assets.
You also need to specify a time period for the retirement simulation. Please note that the simulation time period must begin on the same date every year so that LVAs can be shown continuously and correctly in the history sheet. This fixed start date should lie in the distant past (for example 1900). Using the same start date each year ensures that LVAs, for which retirement has already been simulated, do not appear in the history sheet with their APC in subsequent years. In addition, the end date for the simulation time period has to be in a fiscal year that is still open.
The same procedure applies for intangible assets.
Graphic: Simulation Time Period
       4.      Limit the report as needed. If needed, make additional entries for lists created using batch input.
for furthur notes
http://help.sap.com/search/search_overview.jsp
http://help.sap.com/erp2005_ehp_03/helpdata/EN/4f/71e286448011d189f00000e81ddfac/frameset.htm
nagesh

Asset write off in the current fiscal year.

Hi Experts,
I want to write off an asset in next 4 periods of the current fiscal year 2007. For example:
Asset 11000
APC value: 10000
APC Date: 01.01.2005
The useful life will end in fiscal year 2008.
The book value left at the begining of the current fiscal year 2007 Rs. 4000.00
In the current fiscal year this asset has already been depreciated for previuos 3 periods.
Now Business wants to write off ( fully depreciated ) this asset in next 4 periods equally and then if the book value and tax value is nil, they want to scap the asset.
Now can you please tell me how to make this happened. Its very urgent. If you need any more information, most welcome.
Rgds,
BABA

Hi,
You would have to set the asset to manual depreciation(Depr.Key MANU)
and generate a posting via ABMA for each of the periods.
Kind regards

Asset Write-off after retirement

Dear Masters in Asset Accounting,
I have a situation where I have to write off the asset in secondary ledger (Ledger A2). The problem is that the asset retirement (ABAVN) was done in the past so I can't write-off the same by using T-code ABSO. Also, we are posting the depreciation to that asset since last 5 months, so I can't write-off by using FB01 / FB01L.
Is there any other way I can write off the asset after retirement only in secondary ledger?
Thank you for reading this and your help.
Jay

Hi Bernhard,
Why you can't make a write-off?
A: Because it gives me an error message. When I try to use ABSO, it gives me an error message saying Asset retirement has alredy been posted so transaction not possible. I am using ABSO because I want to make changes only in ledger A2 (secondary ledger / US GAAP). I can't ABAVN again because it will affect both the ledgers which I want to change only US GAAP.
Is the asset deactivated after ABAVN?
A: No, the asset is not deactivated. It is still active and in use.
Thank You,
Jay

Asset Write-off in Advance..

Hi All,
Can anybody explain me about an asset write-off procedure before the End-of-Date of that asset value date.
For example Asset having the End-of-date as 31.12.2008. For this, we want to write-off this asset on 31.10.2007.
Thanks in Advance...

Hi Pal,
Thanks for your reply..
Here, we are having around 70 assets. For that we can do like this??
If we will do 100% dep. now itself, the remaining amount will post to the depreciation account na?? With this no problem??
Please reply me...
Thanks & Regards..

Write Off Asset below 5000

Hi,
I want to write off the asset value where WDV is below 5000 at certain perod end automatically.
how it is possible in system ? Or Pls let us know Which is the standard process recomended ?
Thanks
Nilesh R
Do not use SMS Language. Respect Forum rules.

Hi All,
Thanks
When I try to post write-off asset useing ABZU error will be coming You cannot post write-ups
We are using the Transaction Type - 700
Regards,
Juhi
Edited by: juhis022 on Aug 24, 2011 8:57 AM

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

Write-off asset below or after certain Value of Asset.

Hi All,
I am try to write-off asset value from using ABZU - Write-Up But i am confused is it wright tcode or any other process please help me.
Regards,
juhi

Hi All,
Thanks
When I try to post write-off asset useing ABZU error will be coming You cannot post write-ups
We are using the Transaction Type - 700
Regards,
Juhi
Edited by: juhis022 on Aug 24, 2011 8:57 AM

Tables for additions/write-off/transfer of assets

Hi,
What are the tables for getting values reg asset additions/write-off/transfer during year/period.
Regards
Ankur

hI
Goto SE11 - give in database table- ANLA---click on display tab -
click on contents Icon which is befire Technical settings
Goto Menu bar-settingsFormat lst-choose Fields
Thanks
P J Anil kumar

Asset Write Off Process

Hi SAP Gurus,
I have one asset under construction created in 2008 which is not yet capitalised. Now requirement is to write off the same in current year.
Need the soultion to this step by step..
Thanks in Advance!!
Edited by: rmk123 on Sep 24, 2011 8:00 PM

transaction ABAVN?

Asset write-off in prior month.

Is it possible to write off assets from an earlier month end date e.g the NBV of assets with a month end date of 31/05/09 or can you only write off within the current month?
If this is possible, how will SAP deal with the depreciation and how will it charge any depreciation posted after that date?

Hi Jeremy Lumb
Yes you can retire an asset in prior period where depreciation has already been posted. The system will recalculate the total depreciation for year in the retirement year and make adjustments (positive value) in the next period. You can then run depreciation again so the adjusted value will be posted .
Hope this helps.
Thanks
Sanjeev

Write off asset under construction

we have one AUC, we have create a PO for this AUC, the AUC has amount of 200K USD, we haven't transfer it to fixed assets, how to write off the AUC, (we want to completely write off this AUC, because the company code which creates this AUC going bankruptcy), I tried ABAON, ABAVN, but this is specific to asset, asset under construction can't be used. any idea? thanks

Hi,
1) AIAB - Distribute (update a rule with G/L settlement with a GL account for 100%)
AIBU - Settle (Execute settlement)
Or
2)
Posting direct FI entry.
FB01
Debit 40 posting key GL expenses to which you write off,
Credit 75 posting key Asset #
Best Regards,
Madhu

Write off assets

What is the best method to write off assets to 0, This means I want to accelerate depreciation so that the asset net value reaches 0. But I <b>do not</b> wat to retire the asset.

Post unplanned depreciation in the amount of the current net book value. Keep in mind that this will take affect after depreciation is run (it is not an FI document) and will therefore show the asset as being fully depreciated.
There are some other ways (using special depreciation transactions) but this is the one most widely used.
-nathan

Process of Asset Write off.

Hi
Can any one tell me the process of Assest Write off. Is there any transction for writing off the assets.
Please advise.
Thank you.

Prasad,
You can use Transaction Code ABSO for Write off of the asset.
Then system increased the Value of asset as under
Accumulated depreciation ac...........Dr
Asset ac............................Cr
Let me know if you need any other information on this.
Regards,
Venkata Raju

Park Asset Write Off Posting

Dear SAP Gurus,
Can anyone help me with one of the Asset scenarios, whereby the user wants to have the option to park the asset write off first before making the actual posting. I can't seems to find any function available for this. If not, can anyone suggest if there's other way to resolve this.
Thank you very much. Your advice is much appreciated.
regards,
Aziah
Edited by: Ku Nor Aziah Ku Ariffin on Aug 2, 2011 8:21 AM

Hi
Welcome to SDN
I dont think its possble... You can Simulate the entry before posting, check and then Post... there is no option to Park as far as I know
br, Ajay M

Write-Off(obsolete) Asset

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