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Depreciation in Local Currency 2

Experts,

We had missing exchange rates which we added into OB08. However, there were depreciation runs posted prior to adding these missing exchange rates and therefore the depreciation runs were posting depreciation amounts in local currency 2 using the wrong exchange rate. Now that we have added in the correct exchange rates is there any way to adjust or recalculate the depreciated amount in local currency 2 to reflect the updated rates?

I have tried running AFAR, but get no results in order to process further.

How can we ensure that the new rates are considered going forward for depreciation?

Thank you!

Savitha

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  • Best Answer
    Posted on Apr 27, 2011 at 03:25 AM

    Hi Savitha Gaaru

    There is no way you can reverse the Depreciation... However, i can suggest a work around

    1. Restore the wrong exchange rates once again

    2. Change the Dep Key to 0000... Execute Dep in REPEAT mode for the last period.. (Keep a track in excel as to what is the Dep key per asset)

    3. Now change the Dep key and also restore the correct exchange rate

    4. Again run Dep in REPEAT mode....

    Barring this, I dont see any other way to address this....

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