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Asset Revaluation

I have created 1 asset and capitalized on 6/2008 base on the contract amount. However, as there are some defect and we claimed around $4.8m from the vendor for the defect. Now, I want to reduce the capitalized value of the assets. Please tell me can I do the revaluation in AM module. If yes, please tell me which transaction code and how to do it. Thanks

In current posting, the asset is posted as follows. (up to 9/08)

Cost u2013 HK$99,175,844.60

Depreciation - $HK3,305,861.48

I want to change this asset as follows/

Cost u2013 HK$94,375,844.60 (99,175,844.60 u2013 4,800,000)

Depreciation - $HK3,145,861.49 (3,305,861.48-159,999.99)

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  • Posted on Dec 10, 2008 at 04:23 PM

    Hi,

    why don´t you simply post a credit memo to the Asset? That´s exaclty the function behind your requirement. Easy Access Menu Fixed Assets -> Posting -> Acquisition -> Credit Memo.

    Depreciation will be adjusted automatically then.

    Regards,

    Markus

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    • Former Member

      Hi Markus,

      wishes for the day.

      Even i have the same problem here.

      Already the asset valuated and cgharged depreciation on it for 14 months.

      now i want to revaluate it as i got some payment back from the govt.

      The path u have given is for T.CODE:ABGL(asset credit memo)

      here two options are available.

      creditmemo:in invoice yr(ABGL)

      creditmemo:in next yr(ABGF)

      which T.CODE i shud use and in side it there is an option....POSTED AMOUNT.

      WHAT AMOUNT I SHUD ENTER HERE

      Plz Suggest.

      Regards,

      Sumeya Offrin

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