Increase the value of an asset!

[Former Member]

Hello experts .. please help!

I have an issue where an employee from our accounting team accidentally depreciated too much from an asset. She did this in the prior fiscal year (2008).

The asset in question is assigned to a group asset.

I know that posting to a prior year is not allowed and I also know that I can reverse the FI entry via a simple GL entry. However, the value of the asset is what I need changed.

How do I increase the value of an asset that belongs to an asset group. I have attempted to use t-code ABZU but that only works in the asset was alone, meaning not assigned to a group asset and it has accum depreciation.

Please help with any suggestions.

Thanks

[Former Member · Accepted solution]

Hi Stanley,

Create a new asset master, and post transaction ABUMN on 01.01.2009.

And now try ABNE on 01.01.2009 for the old asset for the amount (excess posted depreciation)

Hope this may sort out your issue.

Thanks,

Srinu