Lease in. reclass non-current-> current. Asset to be depreciated

[Laimonas]

Hello experts.

We have lease in contract. 5 years.

After the remainder hits 12 months or less - the liability is being reclassified non current -> current. Using this special program OBJREG.

BUT

Business also requires to depreciate the asset to zero, because the company policy is not to have short term lease assets.

How exactly is this achievable in RE-FX contract scenario?

The only way I can think of is to manipulate the depreciation key of an asset in AA module side.

thank you.

Laimonas

[atif_farooq]

Hello,

If i understand you correctly that you want your ROU Asset to be depreciated to Zero at the end of Lease term?

If this is so, then i would suggest you check the closing balance of your asset when you look at valuation cash flows under Overview tab of Contract? What does it show, is it not Zero, if it is not then please check Dep key assigned to the ROU Asset .

Please make sure that your dep key is configured as per the OSS Note 2297363 - RE-FX Leasing - enhancement to Asset Accounting.

Thanks

Atif