on 06-30-2011 7:02 AM
Hi Gurus,
We have a store that was burned out by fire last 2009. The asset continues to depreciate in SAP upto now.
Should we use asset shutdown or asset retirement for this asset? A new store was built in replacement to the damaged store.
The damage will be paid by the insurance company. Kindly advise if we will use asset shutdown or retirement and then set-up a new asset for the new store built?
Thanks,
Ellicec
Dear:
Since you got reimbursed from insurance company for the loss caused to asset , its better to retire the asset F-92 with revenue and create a new asset.
Regards
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