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Deprecaitiate Scrap value in an asset along with last month dep posting

Former Member
0 Kudos
198

Hi all,

Need your valuable inputs for concifuring the below scenario in Asset Accounting

We have a scenario where we need to depreciate the Scrap value of asset also along with Last Month Depreciation.

We have used Cut Off Key for calculating SCrap value. In this case it is 10%. For exanmple.

Asset Cost: 10000

Useful life: 10 months

Scrap: 10 %

Monthly depreciation works out to (10000-(10% of 10000) /10 (useful life) = 900

Last Month Deprecaition: 900 Regular Depreciation + 1000 Scrap

Current Deprecaition key helps to calculate 900 per month as deprecaition and also retains scrap value as 1000.

But unable to post the scrap value also as depreciation during last month deprciation posing.

Regards,

Srinivas

Accepted Solutions (1)

Accepted Solutions (1)

ajaycwa1981
Active Contributor
0 Kudos

Hi Srinu

Scrap will not post as depreciation... If thats the requirement, you need to change dep key in the last month, which will not be feasible to do it manually every time

You need to scrap the asset w/o revenue... However, you can maintain the same depreciation GL account in AO90 for the purpose of Scrap.... Hence, the scrap will also get accounted in Depreciation GL account

BR,Ajay M

Former Member
0 Kudos

Hi,

But in this, i need to post the scrap value also during last month of depreciation run for an asset.

Like to know, is there any other way, were we can reducee the BAse value asset other than cutt off or scrap rate.

Whether this scenarios can be handled using Multilevel method ?

Your inputs will be highly appreciated.

Regards,

Srinivas

ajaycwa1981
Active Contributor
0 Kudos

Hi

THere is no way Other than Cut Off value key or scrap...

You can try to post unplanned dep using ABAA, followed by AFAB.... However, i dont know if unplanned dep will be allowed because that would bring your net value down below the Scrap value...

There is no standard mechanism to post scrap value as depreciation... When you assign Cut off value key, it means that you would realize the scrap value from asset... Hence, the system behaviour is correct...

If unplanned dep is not allowed, You can try using T code ABSO with tr Type 101, Off Setting account as Depreciation account... (allow the dep account for manual postings, if need be)

Br, Ajay M

Answers (0)