Asset Value decrease

[Former Member]

HI All,

here my requirement is one asset having net book value 100 rs. and it was depreciated to 99 rs.(now net book value 1rs) in the year of 2008. Now user wants to post credit note for 50 rs. i.e net book value is -49rs.

my views:

to maintain -(minus) value it's not suggestable.

Can any one tell me another way to achieve this requirement

Thanks & Regards

Phaneendra

[Former Member]

Hi,

I don't fully understand the requirement, but I guess another option would be to write-up prior-year deprecation 49 or 50 rs. using Tcode ABZU. Then, apply 50 rs. credit memo with Tcode ABGF. The key here is to determine an appropriate account to post the credit for the depreciation write-up. You are essentially creating a gain with this entry.

Thanks,

Chad

[Former Member]

Try to check the "negative values allowed" check box for that asset under the detail info under depreciation areas tab.