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Former Member

Asset Scrapping - Calculating Depreciation for entire year

Hi guys

We want to scrap an asset without revenue using ABAVN.

Asset Details:

The asset will be completely depreciated by the end of this year (December)

We have smoothing indicator on.

We wish to post the retirement and close out the asset balances in this month itself.

(No depreciation should be pending for the remaining periods of the year)

When we post the retirement transaction in test environment, it still shows the planned depreciation for the entire year.

How do we avoid the planned depreciation posting for future periods ?

Thanks!

Gautam

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jul 22, 2014 at 03:06 PM

    Perhaps, the following might be a solution that can be implemented safely in a production setup:

    Objective: To post retirement related depreciation in a single period without smoothing over the remaining periods.

    Solution:

    1. Perform standard depreciation posting run for current period
    2. Turn Smoothing Indicator Off
    3. Write Off Asset
    4. Run Repeat Depreciation Posting Run (select Repeat Posting Run instead of planned and also input the retired asset number)
    5. Turn Smoothing Indicator back on

    This should post the complete depreciation in the current period for the retired asset and smooth out the depreciation for all remaining assets

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  • Posted on Jul 22, 2014 at 02:04 AM

    Hi Gautam

    To avoid the symptom, you have to deactivate 'smoothing depreciation' via T-cd:OAYR.

    Hope it's helpful.

    Regards
    George

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