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Asset depreciation issue

former_member671964
Discoverer
0 Kudos

Hi Team,

For one of the asset depreciation is credited and accumulated depreciation is credited it had happened because of some adjustment entries.

Depreciation has run for 1 month.

What is the solution to correct the entry.and want to stop calculating depreciation for the asset .

Accepted Solutions (0)

Answers (2)

Answers (2)

narasimhulu_konnipati
Active Contributor
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Corrections can be done as below.

1. To revert all the posted depreciation, update the depreciation key 0000 in the asset master - depreciation area tab and run the depreciation AFAB. This will make the depreciation amount zero by reverting what has been posted so far.

2. To increase the Net Book value and decrease the posted depreciation, use ABZU and do the writeup. Trans. Type is 700

3. To increase the depreciation and decrease the Net Book Value, use ABAA and post the additional depreciation.

Hope this helps,

NSK

TammyPowlas
Active Contributor
0 Kudos

In ECC you can change the depreciation key to 0000 and do a write-up ABZU to change the value or a miscellaneous posting ABSO

former_member671964
Discoverer
0 Kudos

Client doesn't want to do WRITE UUP.

wants to make the depreciation value should be corrected and stop depreciating the asset from Feb month end.