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Former Member

What is Journal Entries of revaluation Assets and depreciation cost and revaluation on Fixed Assets. ?

Dear Friends

Problem: Journal Entries of  Depreciation  after of  revaluation on Fixed Assets.

An Examples is given below:

Books Value as on 01/01/2010  usd 1,00,000/=

Useful Life 10 Years

Accumulated Depreciation usd   as on 31.12.2011 usd 20,000/=     

Now The assets revalue as on 01/01/2012    usd 90,000/=

What is Journal Entries as follows? i) revaluation assets and ii) Depreciation of cost and  Revaluation as on 31/01/2012 ?

So Net Book Value  or Asset at cost usd 80,000/=( 1,00,000 – 20,000)   

Incremental Value/ or Revalue  or Assets on Revaluation          usd 10,000/=( 90,000-80,000)      

Thanks and Regards

Pijirul Khan

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1 Answer

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    Former Member
    Jul 19, 2012 at 04:21 AM

    Hi

    You will assign a balance sheet account in the account assignment for your asset class. The behavior for asset revaluation is same as that for depreciation posting. In setting for posting of depreciation in general ledger (OAYR) you need to select post revaluation also.

    Make sure you have assigned the following accounts in AO90:

    Revaluation acquis. and production costs   101030      Land - Revaluation (Asset Balance Sheet Account)

    Offsetting account: Revaluation APC        404020      Revaluation Reserve (Balance Sheet Account)

    The system will post a credit entry to your revaluation account and debit your asset revaluation account accordingly.

    regards

    prasad

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    • Former Member

      Hello Prasad,

      I have a requirement to configure account assignment for revaluation after a previous impairment as follows:

      Prior Impairment:

      Asset Acct: credit 300

      Impairment gain/loss: Debit 300

      On revaluation from 1700 t0 2400

      Asset Acct:  debit 700

      Revaluation Reserve: credit 400

      Impairment gain/loss: credit 300

      How can I configure this on SAP?