Asset Accounting - change in asset master data

[Former Member]

Dear SAP Gurus,

In our company due to the sector activity decrease, the board have decided to increase the useful life of assets.

We have two scenarios:

1 - assets under the straight-line method will change according to the maximum period of useful life of the assets.

2 - assets under declining balance method  will change into straight-line method.

In your opinion what would be the best way to do this mass change?

Create new assets with historic transfer or just change the asset useful life and depreciation keys?

Thanks in advence for your help.

Best regards,

Stacas

[former_member198650 · Accepted solution]

Hi,

The best option is change useful life and depreciation keys for the asset. You can do this by extending the validity period for depreciation area.

Regards,

Mukthar

[Former Member · Accepted solution]

Hi Mukthar,

Thank you for your reply.

My main problem is that in Portugal we have specific mandatory reporting requested by tax authorities and that is why I am not sure what would be the best way to change all assets and keep that report consistent.

Best Regards,

Stacas

[Former Member · Accepted solution]

Hi Miguel stacas,

I agree with Mukthar Ali,  Instead of Transferring and creating the new assets its better to extend the useful life at depreciation ares. Regarding your Tax part its better that you check with your clients.  Answer is already with you,  Explain the both scenarios and ask them which one they need to follow.

Regards,

Inthiyaz

[Former Member]

Thank you for your help. I will discuss solution with Financial Dpt. and I'll come back to you with solution adopted. My concern ir related with the report to tax authorities.

[Former Member]

Hi Miguel,

1. Please change Useful life of Assets

2. For second query please change Depreciation Key based on Straight line method.

In case of queries please post them.

Regards,

Prakash