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Jun 30, 2011 at 06:02 AM

Asset Retirement or Shut Down

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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