Asset written off for book

[Former Member]

Hi friends,

If an asset has been written off for book purpose and is not scrapped or abandoned, we need to keep depreciating the asset for tax purpose. How do we handle this in SAP.

Thank You,

Joseph

[Former Member · Accepted solution]

Create a retirement transaction that only posts to the "FI" depreciation area. The amount on the tax books (depreciation areas) will continue to depreciate.

[MarkusBredel]

Hi,

therefor you need at least 2 depreciation areas. In one you keep your book, which stops depreciating when net book value zero is reached.

Second depreciation area should then allow negative net book value. If you choose a feasible way to depreciate, then the system will continue to calculate depreciation even below net book value zero.

Concerning a "feasbile way to depreciate": you should for example not use any method which calculated depreciation from the remaining life ... that is always zero then. If you use straight-line, then APC over useful life would work for example.

Regards,

Markus