Replace Asset Class for Existing Assets

[Former Member]

Hi,

I have configured a new asset class.  However, we would like to reconfigure the asset class of the existing assets to reflect the newly created asset class.  May I know if I can replace the asset class of the existing assets?

Please advise. Thanks a lot.

-Vensim

[former_member222241 · Accepted solution]

Hi,

Please use transaction code ABUMN and transfer values.

Hope this solves your issue else revert.

Regards,

Tejas

[former_member198650]

Hi,

You can do it. Please use transaction code ABUMN for transferring the values to new asset class.

Regards,

Mukthar

[Former Member]

Thank you for your reply.

Here's the scenario:

Asset X - Capitalized 07/01/2014 per asset class LAB-EQ amounting to 100,000.

**LAB-EQ has a useful life of 4 years (straight line).

I have configured LAB-EQ02 which has a useful life of 2 years only (straight line).  I want to transfer said asset to this asset class (LAB-EQ02) with depreciation recomputed at 2 years since 07/01/2014. Could this be possible?

At the same time, In ABUMN, there are three dates:

Document Date

Posting Date

Asset Value Date

What should be indicated on these dates?

Thanks again.

-Vensim

[former_member198650]

Hi,

Before you post transaction the period should be open in OB52. Then after, you can provide the date as 07/01/2014 for document date & posting date in ABUMN. If you want to calculate depreciation from 7/1/2014 onwards then provide it in the value date field. Else provide the other date in the value date.

Regards,

Mukthar