Can the depreciation be reversed?

[Former Member]

Hi Experts,

Our requiremenrt is that one of the asset to be retired and then depreciation to be posted for july. But, User forgot to retire the asset and posted the depreciation.

Please advise me how to rectify the problem.

Thanks

Ganesh.

[Former Member · Accepted solution]

You can reverse the retirement with AB08 - Other Asset Document.

Make a new retirement and use the correct asset value date. This is the basis based on the rules in your depreciation key when the depreication stops.

You can do from the posting a simulation if the values are OK, when not change the asset values date and try again

[Former Member]

Hi, to reverse depreciation tick check box in AS02 Shut down,and then repeat Depr. run

[Former Member]

Hi All,

Thanks for your prompt replies. I have retired the asset on 15.07.2010 and posted the depreciation in repeat run.

Regards,

Ganesh

[Former Member]

Dear,

Ganesh.

You can try out ABZU , bring it back to required state in figure terms, and the perform the retirement activity.

ABZU is used to make the manual adjustment to posted depreciation. Single asset can be process in this acitivity. So according to me in your it should probably work fine. You can check the entries at simulation stage. And then post.

I hope this helps you to understand the situation. If you have any doubts feel free to share. You are welcome.

Regards,

Pankaj A Bhalerao.