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author's profile photo Former Member
Former Member

Low Value Asset Depreciation Claculation

Hi Gurus,

In my company we are depreciating the LVA assets in one month time from the date of capitalization.

But the clients requirement is to depreciate the LVA asset in the same month irrespective of the capitalization date.

Waiting for your reply

Arjya.

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4 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Feb 14, 2011 at 06:58 AM

    Hi

    Creat a separate asset class for the assets which you choose to depreciate in the same month as acquisition and assign a custom defined depreciation key which does 100% depreciation in the month of acquisition.

    Regards

    Malathi

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  • Posted on Feb 14, 2011 at 09:45 AM

    Hi Arjya

    Your dep key is with 100% which is correct... However, there seems to be a problem with your Period Control in Dep Key, due to which the Dep Start Date is getting set to start of next month...

    CHoose proper period control to set the Dep Start date as Start of the Current month... Your issue would get resolved

    Br, Ajay M

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 21, 2011 at 04:07 AM

    Thank you All.

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  • author's profile photo Former Member
    Former Member
    Posted on May 09, 2011 at 04:55 AM

    Hi SAP Gurus,

    With regards to the thread author's concern below, is it possbile to directly expense out low value assets? (meaning the acquisition cost is directly expensed, but the low value asset is still monitored in FA and not just in FI)

    Thanks

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