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Asset Accounting - Depr Key change Question

Hello,

My company is changing from a public to private company and therefore, needs to change the 'Tax' Depr key to accelerate the tax write-off.  So, if we change the depr key to calc the depr the way we want it:  Do we need to make another change to the asset master in order for the Tax Depr to recalcuate the Tax for the current year?  So far, it appears that we need to change the 'begin date' on each asset in order for the system to calc the Tax Depr the way we want it....  Any ideas on how to 'automatically' recalculate the Tax Depr.... we have many assets that will need this change

Thanks

Mary

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1 Answer

  • Jan 06, 2015 at 07:27 AM

    Hi,

    You can change the depreciation key & dep.start date using substitution functionality for asset master by OA02. How to define a substitution you can check the below link.

    New capitalized date Change in AS01 and recalculate depreciation value for Adjust

    After done the changes, you have to run AFAR. Then system automatically reflect the changes to the asset master.

    Regards,

    Mukthar

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