Asset retirement by Scrap

[Former Member]

Hi

I have 1 asset with value 1000 and Accumulated depreciation 400

When Iam posting asset retirement by scap using ABAVN, it is posting like this

75 Asset account 1000

75 Acc Depreciation 400

40 GL Account 1400

Instead of

75 Asset account 1000

70 Acc Depreciation 400

40 GL accountr 600

Here it is crediting to Acc depreciation account with posting key 75 instead of debiting with 70. Can any one give solution to resolve this.

Thanks

Venkatesh

[Former Member · Accepted solution]

Have a look in the period control rule from the depreciation key for retirements. Based on the settings there you can have effect;

[Former Member]

The only possibility it is happening as such, is you are scrapping at the same month as the depreciation posted previously. Therefore it is trying to reverse the depreciation, to get the correct net book value to be scrapped.

Otherwise, it is a very strange problem. Posting keys are standard setups unless you have somehow changed the configurations of the transaction types and posting keys.