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Fixed Assets according to changes in IND AS


According to the changes in IND AS, one of our clients has a requirement that net book value as on 31.03.2018 should be my APC (acquisition & production cost) as on 01.04.2018.

For eg, APC of Rs 1000/- is present in the asset as on 01.04.2016. The NBV as on 31.03.2018 is Rs 800/-. Hence from 01.04.2018 the APC value for this asset should be changed to Rs 800/- from Rs 1000/-

The only solution that i have to meet this requirement would be to create new asset masters with T Code: AS91 and upload the takeover values with NBV as my APC value.

But the old asset codes that still exist with the balance of Rs 800/- how do i nullify them ?

Also is there any better solution for the same ?



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