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Changing all Fixed Assets depreciation calculation method

Hi,

We have to change the depreciation calculation method from percentage to remaining useful life method for all Fixed Assets. I came to know that we have to do the changes in OAYZ by changing the Depreciation Key to LINR in each and every Asset Class one by one. This will be a very lengthy process. Kindly suggest any easier way to change the Depreciation Keys for all Asset Class.

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  • Best Answer
    Posted on Jun 19, 2014 at 09:58 AM

    Hi Vijay

    1. Changing OAYZ is the option.. You can see the possibility of LSMW

    However, it will change the future assets only

    2. For current assets, you will have to change in AS02.

    You can use LSMW for that too or mass changes using Substitution

    Br, Ajay M

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    • Former Member nabin ji

      Hi,

      In this case in the useful life you have to maintain the new useful life as mentioned in the Companies Act 2013. e.g. If an Asset is having earlier useful life of 10 years and already 8 years and 3 months are completed. Now Companies Act had mention that for that type of Assets the useful life should be 9 years. So in this case you have to go to AS02 and change the Asset Useful life to 9 years and so system will bifurcate the remaining WDV of the Asset in reminaing 9 months of the Assets [ 9 years (new usefule life) - 8 years 3 months (expired useful life)]

      Regards,

      Malhar.

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