FIXED ASSET RETIREMENT

[Former Member]

Hi,

I am Implementing SAP business one for a client and after carry out different test we notice SAP doesn't remove the accumulated depreciation of the asset after it has been retired, we disposed some assets and generated the Asset history sheet and the assets disposed still add to thee accumulated depreciation of the asset class.

This is a basic standard in accounting. It removes the Asset cost, NBV, but doesn't remove the accumulated depreciation.

Please is there a way around this need quick help.

[former_member205766 · Accepted solution]

Hi

Change fixed Asset Depreciation End Date in Fixed Asset Master Data.

Check the below the link it may helps you

Asset Retirement - Asset Accounting (FI-AA) - SAP Library

With Regards

Balaji Sampath