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Asset class Land separate & building separate ( for 1 asset)

Warm Greetings to All Group Members

Require Best practice solution

Current Scenario Our company Purchased the building in 2009 and In SAP system Building was created, posted to asset class Building with the depreciation for 40 Years

Our Audit department is requesting our Finance department to show two assets separate as

1) land with useful life 40 Years with value

2) Building with useful life Zero with value

Note

current The posted asset in sap Has value ( Building + land)

2.Our company is state transport company

Please suggest me/as what is the best practice

Should i create a new asset class separate as land and move the value of building to land

Your Early Reply will be appreciated

regards

shamul heq

Former Member
replied

Hi Shamuel

My solution would be sligtly different

1. CHange the Dep key to 0000 if at all you have already posted the depreciation

2. Execute AFAB again in REPEAT mode for the last dep posted period

3. Now create a new asset class and do Asset to Asset transfer using ABUMN

4. Execute AFAB again using REPEAT mode

br, Ajay M

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