Transferring an asset (normal) to Asset Under Construction

[Former Member]

Hi SAP Experts

We created an asset incorrectly (wrong class). This asset was supposed to be created as an asset under construction.

For the last year we did run depreciation on this asset, now we want to transfer this asset to AUC.

Is this allowed, if yes, which transaction must be used.

This asset is now having accumulated depreciation if I transfer with ABUMN, the depreciation will also be transferred to the new AUC. (Thus, reducing NBV by the Accum Depreciation.

By the end of the day we depreciated incorrectly and we should Debit Accumulated Depreciation and Credit PL (Depreciation)

Please advice

Theo

[Former Member]

Since the asset has been created under the incorrect asset class in the current financial year, I propose that you simply transfer the asset to the new AUC asset with value date being the original capitalization date of the asset with wrong asset class. The depreciation run should write the depreciation back. Simply do asset transfer and execute depreciation test run for single asset to check for credit depreciation.

This did work

[Former Member]

Theo,

Try this option.

1. Change the Depr key of the asset to '0000', as that the Depr posted in the current year would be reversed in the next open period. (AS02)

2. Do a write up for the depr posted in the previous year (ABZU).

3. Now check the balance in this asset account as of the current period end. Only APC should be lying this account and the depr amount should be nil.

4. Post the Asset transfer from Asset account to AUC (ABUMN).

Please let me known whether it worked or not.

Regards,

Vinod

[Former Member]

You can do ABZU - Write-Up