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Former Member

asset scraping issue

We are having an Asset with Gross Value of INR 27,095,633.46 as on 01.04.2008 and Accumulated Depreciation of INR -25,825,533.66. The above Gross Value Comprises of an Equipment which costs INR INR 161750 which has been capitalized in FY 2008-09 . Now this Equipment of INR 161750 has been destroyed in fire and we want to scrap this portion only from the asset but while running T code ABAVN , system is generating an entry wherein the gross block of INR 161750 is accurately removed , but value of accumulated depreciation is very high and the loss is very low . These values are wrong since the above equipment which is destroyed is capitalized in FY 2008-09. Please let us know how to arrive at the correct postings of loss and accumulated depreciation.

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    Former Member
    Apr 12, 2010 at 06:40 AM

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    • Former Member Former Member

      But while we are doing asset scraping as on 01.04.2009 with a partial retirement an amount of-161750

      we need to calculate the deprecation of let it say-2300 but instead of talking this amount the deprecation amout its talking around 154496.92 (on partial scraping method-in the TCODE- ABAVN,)Is there any possibility that we can put the accumulated depreciation amount manually while doing the scraping... 161750