Group Asset issue.

[Former Member]

Hello Good People,

I have trying to solve this problem but don't know if going to missing something or not.

I am trying to assign Group Asset to Fixed Asset on AS01, but prior doing that I have considered all the prerequisite for working with Group Asset such as :-

a) OAYM "Selected the Group asset indicator on Depreciation Area which I want to use as Group Asset"
b) After doing that went to AS01 and selected an Asset Class, entered all the information but on Depreciation Area Tab, Group Tab is un-editable it and when you double click and it takes you to next screen where you need to enter Group Asset detail, and I am doing the same but system is through red error "Group Asset does not manage area 02, but where as it does, which I configured just on step a)

Please help me on this.

Thanks

Mark

[narasimhulu_konnipati]

AO21 - Screen Layout

Check here once and keep the Group asset option as "Required" and try in AS01.

Thanks

[Former Member]

Hello Narasimhulu,

Appreciated your reply, can you please advice on the following, scenario is :-

There are Ten Thousand Asset, and each type of asset are Group under 5 Asset Group. Now due to some tax requirement, we need to further Group those asset, need to make 10 Group, want to restructure the asset group, how can we archive this scenario, Asset are on Production, want to have a plan how to archive this ?

Can you show some way ?

Thanks,

Mark

[former_member245440]

Hi Mark,

Please follow the below link its help full to u i hope.

I need also small favour in gorup asset level mark.

i have creted in gorup asset in As01 01 ,and 15 tax dep i have given as aboveur said in as02 double click on the 15 dep i have given group asset number, i have run dep system is showing only ordinary dep for 01 and 175 is only showing the acquisition value. how i resove this one.

http://scn.sap.com/message/10944715#10944715

• India, depreciation on assets for the purpose of computation of net income as per the Income Tax (IT) Act 1961 is calculated over a block of assets instead of individual assets as allowed under the Companies Act 1956.

Asset acquisitions and retirements are managed over the block level. The IT Act prescribes certain rates of depreciation to be used under the Written down Value (WDV) method over these asset blocks to compute depreciation.

The following are the customization settings that may be followed in SAP in order to manage your assets in the income tax depreciation area.

1. 1. Copy the standard chart of depreciation 0IN/1IN as provided by SAP and create your own chart of depreciation.

1. 2. Use the depreciation area 15 for the purpose of management of assets under the IT Act. Make it statistical in nature. (Reference Transaction Code: OADB). Do not check the box negative net book value.

1. 3. Specify that the Income Tax depreciation area takes over the APC from the book but not make it identical (Reference Transaction Code: OABC).

1. 4. Create an asset class for the purpose of income tax blocks. This asset class will be used to create only group assets. (Reference Transaction Code: OAOA)

1. 5. Specify that the depreciation area for income tax can be managed only for group assets. (Reference Transaction Code: OAYM). This would mean that depreciation for this depreciation area would be computed only at group asset level.

1. 6. Specify that the asset class defined in (b) above will be used for creating group assets only. (Reference Transaction Code: OAAX)

1. 7. Two period control methods (IT and NL) have been defined in the system for determination of start or the end of depreciation calculation at the time of a fixed asset acquisition or retirement. You may use these period control methods while creating the depreciation keys for the purpose of IT depreciation. Calendar assignments have been made for the above mentioned period control methods in order to reflect valuation requirements as per the Income Tax Act (Transaction Code: OAVH). You may create your own period control methods depending on the fiscal year variant you use. The period control methods supplied are based on the fiscal year variant V3.

1. 8. Depreciation Keys: The following depreciation keys have been created in the system. They correspond to the income tax blocks that are prescribed under Indian tax laws. They are as below: Depreciation Keys: 1. IN1 - Tax Depreciation - 5%

Regards

Mastan Reddy N