Asset Acquired without discount-Rectification

[Former Member]

Hi,

There was an Asset Acqired by our organization and now we got to know that there is a discount on the asset,so now we want to bring the value of the asset to net so that there is no complications further.Can you please advice do I need to reverse the asset completely or should I retire the asset for the discount amount.

Can someone please advice on the same on priority.

Thanks

Rahul

[Former Member · Accepted solution]

You can use credit memo.. T code ABGL (in same year) or ABGF (in next years)

Regards

Radha

[Former Member · Accepted solution]

Hi Radha,

Thanks for the reply but can you elaborate further on the same.The asset has been acquired six months back in the same fiscal year and will that have no further implications or affects in the long run.Like will it not affect the depriciation in future.

Thanks

Rahul

[Former Member · Accepted solution]

1. System automatically recalculates depreciation on the remaining amount in the future.

2. Regarding past depreciation already written off in the last six months, as per your net asset value , the depreciation may less now, means you posted higher depreciation in the previous months. For adjusting this you can use the TCode ABZU (asset write up ... generally used for adjusting the higher depreciation written off in the earlier periods of the same fiscal year)

Regards

Radha