Fixed assets, inconsistency between useful life and remaining life

[Former Member]

Hi all, I have a case to solve on Fixed Assets.

Item No.: IM-MO-ES-2.2

Fiscal Year: 2014

Capitalization Date: 01/01/2014

Depreciation Start Date: 01/01/2014

Useful Life (Months): 36

Remaining Life (Months): 2

Acquisition and Production Costs: USD 135.52

Planned Depreciation: 4.00 (rounded)

The case is that the Fixed Assets should only depreciate two months and can not change the Useful Life to 2 months, the error is displayed:

Specified useful life causes remaining life to become zero or negative; re-enter useful life

The minimum value that the field allows Useful Life is 35 months.

For fiscal year 2014 the correct information must be:

Useful Life (Months): 2

Remaining Life (Months): 2

Master Data Asset loaded with tool "Import Fixed Asset Master Data from Microsoft Excel"

The Fixed Assets has depreciations automatic (Depreciation Run)

There are many fixed assets in this same situation. How I can assign the correct Useful Life to the Fixed Assets?

Master Data:

Thank you very much for your answers.

[Former Member]

Hi,

How an useful life is only 2 month for an asset item?

Thanks,

Gordon

[Former Member]

Thanks Gordon,

The company start operations with SAP B1 on 01/01/2014, the asset item is historic and there were only two months to complete their depreciation.

the same situation is for an asset item with Useful Life (Months): 300 and Remaining Life (Months) 266

Thanks.

[Former Member]

For all those historical assets, could you just import them as a regular ones and retire them immediately by manual calculating the depreciation? System may not be able to help you in those cases.

[Former Member]

the idea was that the system performed the automatic depreciation for the remaining months, no matter they are 2 or 266 months

[Former Member]

System can't help if your remaining life is negative.