Change in Asset Useful life

[Former Member]

Hi,

The useful life for the asset was 10 years. however we have changed it to 5 years. Depreciation was executed and it has calculated for 10 years. We would expect it to calculate for 5 years! , What i need to do inorder to depreciate for 5 years?

Thanks in Advance

GB

[Former Member]

Hi,make sure that in Base method of the depreciation key, depreciation calculation method depends on useful life

[Former Member]

Will this effect ongoing depreciation?

Thanks

[Former Member]

Hi, yes of cause. You can choose depreciation calculation method which doesnt depend on useful life

[Former Member]

Thanks , What have suggested is

Change the Depreciation Method to Useful life (0005) in TCode - AFAMA

- Run AFAR (Recalculate Depreciation)

so if i do the above steps does it effect the ongoing depreciation? Thanks in advance.

[Former Member]

Hi, changing of method could avoid some issues

[Former Member]

Hi,

Update your asset master with correct useful life. go to Transaction AS02, Update useful life in the depreciation area tab. and recalculate your depreciation.

add point if this is useful.