Hi,
I am trying to post F-92, however i cannot see Asset Retirement tab to post. It should be there in item 2 \ credit entry - Asst Retirement.
I am looking to post a sale of asset (a truck) to customer with revenue.
Kindly advice
Thanks,
AP
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F-92 Asset Retirement with Customer
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AA617 Acquisition value negative in area 01
Hi,
Can anyone please explainthe reason why i get the error message: "AA617 Acquisition value negative in area 01" when doing asset transfer in trasnaction AIBU?
During test in Dev environment, i got this error message. I was able to resolve it by ticking the "Neg. Values Allowed" in the AUC Depreciation area.
However, when i test again in Quality system, i do not have this error. The data i have processed in Dev and Quality are replicates. The only difference is that in Dev i am posting transfer in periods already in previous fiscal year. While in Quality, the asset transfer and asset creation date are all in the current fiscal year.
Is this the reason why?
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New asset less than 180 days (india tax purpose) half of depreciation
In India, there is a requirement that the Depreciation for Income Tax should be calculated based on the date of Acquisition. If an asset has been acquired before or on completion of 180 days of a Financial Year, than the calculation of Depreciation is allowed for full year. If the asset has been acquired after 180 days , depreciation is allowed only for 180 days. Hence for an asset acquired on 25/09/2009, system should allow calculation of depreciation from 01/04/2009, assuming that the fiscal year starts from 01/04/2009 and ends on 31/03/2009. However, if the asset is acquired on 07/10/2009, the system should allow depreciation from 01/10/2009. Sap has delivered standard depreciation keys for the same in reference chart of depreciation for India 0IN.
But if the asset has been acquired on 01/10/2009, still the asset has to be depreciated from 01/04/2009, since the asset has been acquired for less than 180 days into the fiscal year. The system is working fine for asset capitalized on 25/09/2009 and 07/10/2009. But we are not able to map the same if asset is capitalized on 01/10/2009 and 02/10/2009. For these two dates, the depreciation should start from 01/04/2009.
I have checked the period control setting and calender assignments and everything seems to be in place. How can we tackle the issue?
Regards
suprita
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Depreciation calculation based on WDV on remaining useful life
Dear Experts
I have a requirement of calculating depreciation on WDV method on remaining useful life. the scenario explains as below
The Company was original following Written Down Value Depreciation Method wherein Depreciation is calculated yearly on a pro-rata basis at a fixed percentage on the opening book value of the assets as illustrated below:
Particulars | 2011-12 | 2012-13 | 2013-14 |
Opening Book Value of Assets |
| 900 | 810 |
Add: Cost of Acquistion during the year | 1,000 | - | - |
Less: Depreciation for the year @ 10% | 100 | 90 | 81 |
Closing Book Value of Assets (WDV) | 900 | 810 | 729 |
In short depreciation was calculated at every year on a fixed percentage basis on the written down value of the asset.
The Company had maintained separate depreciation keys in the system for each Asset Class (eg. Plant & Machinery, Building, Office Equipments etc.). Each Depreciation key specified the rate of depreciation to be charged.
However the New Companies Act 2013, the act has done away with the rates of depreciation. Instead the act specifies useful life of the assets class over which the asset has to be depreciated. (For example the act specifies that Non-Factory Building have to be depreciated over a period 60 years). Further in case of assets which have already been use as at 1st April 2014 will have to be depreciated over the remaining useful life of the assets. For example,
In case of an asset which purchase on 1st April 2011, as at 1st April 2014 the asset has already been in use for a period of 3 years. Now, if the useful life of the asset as specified by the new act is 5 years the remaining useful life of the asset as at 1st April 2014 works out to 2 years. Thus the asset will now have to be depreciated over a period 2 years starting from 1st April 2014.
However, since the new act does not specify the WDV rate at which the asset is to be depreciated, the implied rate of depreciation considering the remaining useful life will have to be calculated using the following Formula as attached file1
Where n = Useful Life of the asset (Residual Value in case the asset is existing as on 1st April 2014.
Book Value = Written Down Value as on 1st April 2014 or Cost of Acquisition in case of assets newly purchased during the year.
Therefore continuing our above example, suppose the useful life of asset acquired in 2011-12 specified under the new Companies Act is 15 years. Thus the remaining useful life of the asset as at 1st April 2014 will be 12 years and residual value will be calculated @ 5% on the original cost of the asset. Therefore the implied rate of depreciation under WDV Method with remaining useful life of 12 years will be computed as attached file, file2
Thus the implied rate of depreciation would be 20.01% and the depreciation for the year 2014-15 would be calculated as follows:
Particulars | 2013-14 | 2014-15 |
Opening Book Value of Assets | 810 | 729 |
Add: Cost of Acquistion during the year | - |
|
Less: Depreciation for the year @ 20% for FY 2014-15 | 81 | 146 |
Closing Book Value of Assets (WDV) | 729 | 583 |
Likewise, individual depreciation rates would have to be computed for all the assets outstanding on 1st April 2014.
This can be done either by manually calculating the depreciation rate for all assets and then create separate depreciation keys for all assets. However creating so many keys would be a cumbersome process.
Can you suggest An alternative to the above process so which would automatically calculate the depreciation rates based on the useful life entered on each assets?
Kindly revert at the earliest
Thanks
venu
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Why should the tcode ASKB be run
Hello
Please let me know as to why the ASKB tcode -Asset periodic posting ,is used in asset acounting,whats the purpose of it and what does it update.
Regards
Rekha
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Error code AA661 / Investment Support
Hi
I am new in this forum and have a question regarding the support that you can add to an investment. We have investments that we invoice our customers and we want the revenues to be recognized in the same way as we depreciate the investment. We have located the function where you can add revenues/debts (such as goverment grants or like in our case, customer invoices).
The problem we have is that in some cases the revenues (debt) is higher than the underlying investment. We get error code AA661 - saying that the investment value cant be exceeded by debt value. Is this standard or can we override this with some settings?
Many thanks in advance!
Hans
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Impairment of asset
Hi experts
Our Client want to do Impairment of assets in SAP
Please let me know how can i do it
He want to maintain accumulated impairment loss account insted of crediting the asset when the asset got impaired
so when an asset is impaired the entry will impairment loo DR and accumulated impairment loass s Cr
How can i configure this type settings in SAP(Can i maintain accumulated Impairment loss account in AO90 ?)
how the affect will go to asset, at the timne of sale or scrap
Please suggest
Regards
Prasad
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Difference Between AFAB and ASKB
Hi All,
I would like to know the exact difference between the AFAB and ASKB.
In which situation we need to run the depreciation in AFAB and ASKB.
Immediately points will be assigned
Raju
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Why should the tcode ASKB be run
Hello
Please let me know as to why the ASKB tcode -Asset periodic posting ,is used in asset acounting,whats the purpose of it and what does it update.
Regards
Rekha
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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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Asset acquisition with F-90
Hello,
we are posting asset acquisition against vendor with F-90 (transaction type 100). We want to input different acquisition values for Depreciation area US GAAP and depreciation area Local GAAP.
However in the screen for F-90 we do not have ability to input different values. However i have seen before in another implementation that there was the option to input different acquisition values in F-90. I cannot find any customizing to control this - so does anyone know how to fulfill the requirement to post different acquisition values into different depreciation areas from F-90?
Thanks
Kai
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Depreciation calculation based on WDV on remaining useful life
Dear Experts
I have a requirement of calculating depreciation on WDV method on remaining useful life. the scenario explains as below
The Company was original following Written Down Value Depreciation Method wherein Depreciation is calculated yearly on a pro-rata basis at a fixed percentage on the opening book value of the assets as illustrated below:
Particulars | 2011-12 | 2012-13 | 2013-14 |
Opening Book Value of Assets |
| 900 | 810 |
Add: Cost of Acquistion during the year | 1,000 | - | - |
Less: Depreciation for the year @ 10% | 100 | 90 | 81 |
Closing Book Value of Assets (WDV) | 900 | 810 | 729 |
In short depreciation was calculated at every year on a fixed percentage basis on the written down value of the asset.
The Company had maintained separate depreciation keys in the system for each Asset Class (eg. Plant & Machinery, Building, Office Equipments etc.). Each Depreciation key specified the rate of depreciation to be charged.
However the New Companies Act 2013, the act has done away with the rates of depreciation. Instead the act specifies useful life of the assets class over which the asset has to be depreciated. (For example the act specifies that Non-Factory Building have to be depreciated over a period 60 years). Further in case of assets which have already been use as at 1st April 2014 will have to be depreciated over the remaining useful life of the assets. For example,
In case of an asset which purchase on 1st April 2011, as at 1st April 2014 the asset has already been in use for a period of 3 years. Now, if the useful life of the asset as specified by the new act is 5 years the remaining useful life of the asset as at 1st April 2014 works out to 2 years. Thus the asset will now have to be depreciated over a period 2 years starting from 1st April 2014.
However, since the new act does not specify the WDV rate at which the asset is to be depreciated, the implied rate of depreciation considering the remaining useful life will have to be calculated using the following Formula as attached file1
Where n = Useful Life of the asset (Residual Value in case the asset is existing as on 1st April 2014.
Book Value = Written Down Value as on 1st April 2014 or Cost of Acquisition in case of assets newly purchased during the year.
Therefore continuing our above example, suppose the useful life of asset acquired in 2011-12 specified under the new Companies Act is 15 years. Thus the remaining useful life of the asset as at 1st April 2014 will be 12 years and residual value will be calculated @ 5% on the original cost of the asset. Therefore the implied rate of depreciation under WDV Method with remaining useful life of 12 years will be computed as attached file, file2
Thus the implied rate of depreciation would be 20.01% and the depreciation for the year 2014-15 would be calculated as follows:
Particulars | 2013-14 | 2014-15 |
Opening Book Value of Assets | 810 | 729 |
Add: Cost of Acquistion during the year | - |
|
Less: Depreciation for the year @ 20% for FY 2014-15 | 81 | 146 |
Closing Book Value of Assets (WDV) | 729 | 583 |
Likewise, individual depreciation rates would have to be computed for all the assets outstanding on 1st April 2014.
This can be done either by manually calculating the depreciation rate for all assets and then create separate depreciation keys for all assets. However creating so many keys would be a cumbersome process.
Can you suggest An alternative to the above process so which would automatically calculate the depreciation rates based on the useful life entered on each assets?
Kindly revert at the earliest
Thanks
venu
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Asset Current Book value in negative
Hi All,
We have an asset with
01-Book Depreciation - Net book value & 40-Investment Support Net book value has a difference thus showing a negative value in Current Book Value of the asset ledger.
Reason: 01-Book Depreciation is completed its useful life while 40-Investment Support has planned depreciation for one more year.
User forgot to adjust the useful life.
Recovery Method:
Is there a recovery method to bring the Curr book value to 0.
Kindly give your valid suggestions
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Difference Between AFAB and ASKB
Hi All,
I would like to know the exact difference between the AFAB and ASKB.
In which situation we need to run the depreciation in AFAB and ASKB.
Immediately points will be assigned
Raju
↧
F-92 Asset Retirement with Customer
Hi,
I am trying to post F-92, however i cannot see Asset Retirement tab to post. It should be there in item 2 \ credit entry - Asst Retirement.
I am looking to post a sale of asset (a truck) to customer with revenue.
Kindly advice
Thanks,
AP
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Table for Asset Class , depreciation area, depreciation key & Usefull life
Hi all
I am looking for a table which has the asset class ,depreciation key , depreciation area, chart of depreciation in one single table to provide it to my auditors .
Do we have any report or table which has all these data . Please let me know where can i find it.
your response is highly appreciated.
Thanks
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The Asset History Sheet (Transaction code: S_ALR_87011990)
Hi,
Can any one help me on the following?
The he Asset History Sheet (Transaction code: S_ALR_87011990) provides year to date balance per asset class and can be drilled down to individual asset level.
Is there any way I could use same report or any other reports that can provides monthly movement data instead of year to date data?
Regards,
Rashid Khan
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Error AU133 Account 'Contra account: Acquisition value' could not be found
I have this error when running RAPERB2000 program in IDES ECC6.0.
I have checked AO90 and this B/S account (199990) is maintain correctly in area 64 for the account determination.
This is the job log:-
02.12.2010 23:21:41 Errors occurred during the posting run (see the log)
02.12.2010 23:21:41 Company code AA01, depreciation area 64, fiscal year 2010, account group 30000
02.12.2010 23:21:41 Account 'Contra account: Acquisition value' could not be found for area 64
02.12.2010 23:21:41 Company code AA01, depreciation area 64, fiscal year 2010, account group 40000
02.12.2010 23:21:41 Account 'Contra account: Acquisition value' could not be found for area 64
02.12.2010 23:21:41 Company code AA01, depreciation area 64, fiscal year 2010, account group 30000
02.12.2010 23:21:41 Account 'Contra account: Acquisition value' could not be found for area 64
02.12.2010 23:21:41 Document INT-000026 was created successfully for Asset Accounting
02.12.2010 23:21:41 Company code AA01, depreciation area 99, fiscal year 2010, account group 20000
02.12.2010 23:21:41 Document INT-000027 was created successfully for Asset Accounting
02.12.2010 23:21:42 Errors occurred during the posting run (see the log)
Anyone has any idea why this error occur?
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How to do Asset Revaluatiuon In SAP?
Dear Expert,
Could you tell me about Asset revaluation in SAP? like the procedure, configuration or type of revaluation.
Kindly need your help.
Thanks and Best Regards,
YL
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Legacy asset data transfer - takeover value.
Dear All,
We are doing mid-fiscal year legacy asset data transfer, when we are creating asset though lsmw (as91) while running session the Expired useful life is not picked in those asset which have capitalization date in the same year in which we are take over the value. we have manually filled the value while session is running, the asset master data have been created by but the takeover value are not updated in those asset. When i tried to update them manually through AS92 the field for Cumm acq value and accum dep has been grayed out.
Can any suggest the possible solution.
Regards
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