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Former Member
Dec 03, 2009 at 09:55 PM

stop depreciation and interest on one depreciation area

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We have area 01 depreciation and area 70 - which for us is a managerial (statistical) depreciation posting with interest. When this depreciation and interest is posted the offset is to a contra account so when looking at the FI side it nets to zero. The asset is owned by the leasing company and we indicate on the time dependant tab which operating company is getting the statistical depreciation and interest.

Our issue is the they 'transfer' these assets to another operating company with a fair market value. The asset itself does not leave the leasing company and true FI depreciation is not touched. Since we need to show a new value for the asset for the statistical depreciation and it gets a new depreciation schedule we found creating a sub asset and doing ABSO to 'write up' area 70 with the FMV of the transfer amount allows us to start the statistical depreciation to the transfered operating company with no issues. The issue is stopping the area 70 depreciation and interest on the main asset - to the first operating company.

I tried putting a scrap value equal to the remaining book value on the main asset in depreciation area 70 and that did stop the depreciation - but it's still trying to post interest for the next period and beyond.

Ideas? Options you guys can think of?

Thanks

Karla