AUC assets Booked as Expenditure, Now need to create an Asset for that
Our Clients, Booked the AUC assets as an expenduture accounting for this year at starting time. now they realized and ask us to create an asset for this, and need to book depreciation also. how to handle this issue. kindly suggest me.
Mukthar Ali Ahamed N replied
You can book the expenses to asset by FB01/AB01/ABSO with TType 100. But you want to calculate depreciation for previous periods, then you have to post unplanned depreciation for the asset by ABAA. When you run the depreciation the unplanned depreciation along with planned depreciation will get posted in first period.