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Asset Depreciation

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

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  • Best Answer
    Posted on Jan 27, 2014 at 03:02 AM

    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

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    • 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


  • Posted on Jan 27, 2014 at 05:31 AM

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


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