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Asset Depreciation and Retirement

Hi Gurus,

Is it possible to record Asset Depreciation and Retirement using the same posting month (December 2011)? If yes, what are the consequences if we do this.

Thanks,

Ellicec

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    author's profile photo Former Member
    Former Member
    Posted on Dec 27, 2011 at 07:40 AM

    Dear Ellicec

    Yes it is possible you can run depreciation this month also you can Retire your asset. there is no problem .

    Regards

    shankar

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  • Posted on Dec 27, 2011 at 07:57 AM

    Hi:

    There does not seem to be an issue in doing so. However if you run depreciation it will reduce the net book value of your asset and hence asset will be retired at a lower price. However if you choose not to run depreciation and retire asset before it then asset will retired at a higher net book value. Please check AO74 for transaction type regarding retirement it will give you an idea which one will be employed.

    Regards

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    • Hi Atif and Sankar,

      I made test data in our dev client. I tried to depreciate and retire the asset using the same posting period. I have also used the ame period for the asset value date but the depreciation for December 2011 was not included. It was only included when i tried to use Jan 2012.

      Regards.

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