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Depreciation correction after transfer

Hi all,

We have a number of assets that were created under the incorrect class resulting in the asset life being 5 years instead of 12.

the assets were set up at various times over the last two years so there have already been several months worth of depreciation posted based on the life of 5 years.

I have created new assets under the correct class and transferred the values, but I was expecting the system to post a correction to account for the overstated depreciation.

Instead, what appears to be happening is that the system is now posting zero depreciation for the new assets, presumably until we get to a month where we catch up with the accumulated depreciation and it begins to charge again.

Is there a way to get the system to post the appropriate credit to the depreciation to bring it in-line?

Many thanks

Michael

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  • I recommend you use a different tag like "FIN Asset Accounting" to get better results. The tag "SAP Asset Manager" is a mobile product for enterprise industrial asset management and part of Digital Supply Chain unrelated to asset accounting nor SAP financial products.

  • Hi Michael,

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1 Answer

  • Posted on Aug 03, 2020 at 12:05 PM

    It depends on how the transfer was made and the depreciation settings on the new asset so that's a hard thing to advise on.

    Keep in mind that from the standpoint of the new asset, it has a certain investment cost, reserve and set of depreciation settings. The previous asset has nothing to do with how the new asset is calculating.

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