We add asset quantities on various dates in increments. For example we add 5 quantity Month 1 @ $1000 each, and 5 quantity @ $2,000 each.
In month 3, I want to retire 6 quantity.
SAP Asset accounting retires asset at average cost of $1500 each for a total of $9,000 and not $7,000 using FIFO ($5000 for the first 5 quantities and $2,000 for the 6th unit). Is there a setting in asset accounting that lets us retire asset using FIFO? How can we use FIFO for asset retirement?