closing in asset accounting
As a part of the Year Beginning process, we have to close the previous Asset Fiscal Year in order to open the New Asset Fiscal year - 2009.
During closing of Asset Accounting for the year 2007, we got the following error for a few assets - Depreciation is not completely posted for Asset XXXXXXXX.
As a result of which, we cud not open the Asset Fiscal year 2009. On verifying the respective asset Explorer, the depreciation was charged and posted for the year 2007. But in 2008, it doesn't show the depreciation posted, instead dep planned and net value of the asset is zero. FYI - Date of Capitalisation 7.3.2008, Depreciation rate - 100%. So depreciation for 2007 is calculated and the remaining net asset value needs to be depreciated fully in the year 2008.
Kindly advice as to how to proceed.