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How can I close AUC asset

aishwarya12
Explorer
0 Kudos
841

Hello,

One AUC asset needs to be expensed. It was decided that this asset was not going to be capitalized. How can I close this AUC asset without creating an Asset.

Appreciate your help.

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former_member642550
Participant
0 Kudos

Hi Annika K,

You no needed to create an Asset. You just post one simple Journal entry using the T-code F-02, Debit Expense Account and Credit the AUC Asset by that time AUC Asset value becomes Zero. I hope this will help.

Regards,

Lakshmi