Asset Depreciation

[Former Member]

Dear Experts,

I need to change the useful life of the asset class “fixtures & fittings” from 8 to 5. We have already configured the asset class useful life for 8. The useful life change has to be done from Jan 2014.

When I change the useful life of a asset which is capitalized in 2008, and it will fully depreciated by 2013. The financial year is closed for 2013. How can I get the depreciation impact for year 2014 Jan for those assets through the standard depreciation run AFAB.

Thanks

Jeewana

[ajaycwa1981 · Accepted solution]

Hi

You can add one more phase in your dep  key with base method 0017(immediate depreciation)

Basically, assign a changeover method in dep  key based on useful life. As soon as useful life is over, system will switchover to 2nd phase of depreciation key which will be based on 0017

Another option is you directly assign a dep  key based on 0017 to such assets and they should depreciate in next month. I prefer 1st option

Ajay M

[Former Member · Accepted solution]

In our configuration the base method has defined as “0011” – “Ordinary: percentage from useful life”. Is it possible to add another base method as you proposed? If so how to do that? And what would be the impact?

[ajaycwa1981 · Accepted solution]

Hi

1. Go to AFAMA... Select your dep key

2. Click on "Assignment of Calc Methods" on Top left side

3. Choose changeover method 5 (after end of life).. SAVE

4. Click on New entries

5. Now you can add one more phase with BASE method as 0017.. Fill other details like Multi Level method etc

6. SAVE

7. Run AFAR

8. AFAB

Hope this helps

Br. Ajay M

[former_member188028]

System will handle these assets automatically through AFAB once you change the Useful life.