Revaluation value not picking-up in partial retirement of asset

[Former Member]

Hi Expert,

I have some issue, please help me if you know.

I acquired one asset in current year with 10000 and done revaluation with 20000 for the same, so the total asset value is 30000 and no depreciation. Then we decided to do partial retirement with 3000 with t.code ABAON. when we simulate the transaction it is taking only APC value 3000 and it is not taking any value from revaluation amount. If we do the same retirement for previous year(already existing asset) it working fine.

Please let me know the reasons why system not picking-up the revaluation amount.

Regards,

Kuppam.

[former_member198650]

Hi Chandra,

Your revaluation amount will reflect once you run the depreciation AFAB. After you run it, then your revaluation amount will reflect while you do transfer posting.

Regards,

Mukthar

[Former Member]

Hi Mukthar,

Thanks for your reply, but the same has been done for already existing asset which was done acquisition and revaluation and completed the retirement also with out any depreciation postings. as per your view it should not happed then how its possible.

[former_member198650]

Hi Chandra,

Share screen shot of the asset.

Regards,

Mukthar

[Former Member]

Please check

[former_member198650]

Hi Chandra,

Check the transaction type you have used for post the revaluation for the asset? You have taken the t.type 800, with this transaction type system will not take the value at retirement. If you take the ttype 892, the system will get proportionate value from revaluation amount at retirement.

However, as you said last year when you did retirement for revalued asset, you get the value from it. Now you check the asset which ttype you have used.

Regards,

Mukthar

[Former Member]

Hi Mukthar,

I think that's not the issue as I did revaluation for existing asset (previous asset)with same ttype:800 and done the retirement successfully.

And I did the transaction with ttype 892 and the values is credited to the asset revaluation amount instead of debiting.

[former_member198650]

Hi Chandra,

You mean to say the revaluation amount is credited instead of debit. If you do retirement the system reduces the amount from its balance i.e. credit it.

Regards,

Mukthar

[Former Member]

Hi Mukthar,

If I use TType 892, then system use to credit the values to the asset, means reducing the value form already existing revaluation value and if I do the retirement, system not picking up the revaluation value.

[Former Member]

Dear Chandra,

In the Partil retirement tab, Click Radio button Related to Curr-Year Acquisition.

It will pick the APC value.

Regards,

M S Lokesh

[Former Member]

Hi Lokesh,

Thanks for your quick response, I selected that radio button and tested but not working.

please suggest if any.

[Former Member]

Dear Chandra,

Can you paste the screenshot of AW01n and Retirement  selection data and simulation.

Regards,

M S Lokesh