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Former Member

Wrongly Migrated Asset value with Depreciation Posted for the past 10 months

My client went live with Asset accounting since ten months ago without validating the posted/migrated values before sign off and they have been executing depreciation run as normal until the realised that most of the asset was migrated with undervalued amount, secondly due to exchange rate some of the assets were also overvalued because the business reports to the parent company based on USD.

Option1. Due to audit reasons they wouldn’t like to end the economic life of these assets and recreate them with the remaining useful life at its current NBV.

Option 2. Use transaction code ABNAN to add additional value to these asset.

Option 3. Reset the company codes for these accounts and reload them using AS92.Im not of the impact on the G/L and subledger as we could end up with incorrect data in the system since this was reloaded the second time.

Option 4. Reload all assets with the correct values but this is creating a technical challenge on its own.

Has anyone experienced such and if so what are the steps taken to resolve this issue.

KR,

Sam

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