AUC assets Booked as Expenditure, Now need to create an Asset for that

[ilavarasan_td]

Dear Expert,

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.

Prince

[former_member198650 · Accepted solution]

Hi,

You cannot post depreciation for AUC assets. You have to create as a normal asset and do expense posting by FB01/AB01/ABSO with TTYPE 100. If you want to calculate the depreciation for back periods, then you have to post unplanned depreciation by ABAA for the asset.  When you run the depreciation the system posts unplanned depreciation along with planned one.

Regards,

Mukthar

[Former Member]

Hi,

In your case after discussion with business in the year end the NBV for FY 2014 is APC value for 2015. So please create a new main asset and post the APC value through F-90 or F-02 and 2015 Jan onwards calculates the depreciation.

In this way 2015 Onwards system will calculates the depreciation for main asset.

Regards,

Ravi 

[kamalkumar_biswas2]

Hi

Basically when you are deciding to charge depreciation also so you have to create an completed asset and not AUC now...

You have to transfer the GL value to newly created asset account on capitalization date may be be beginning of the year through a JV entry

Run depreciation for that asset for whole year

[Former Member]

Hi Ilavarsan,

It is not a very rare thing that happens at most of places.

You Can post journal entry using Tcode FBV1 to make direct reclass entry from GL to Asset account.

"and need to book depreciation also"

All you have to do is set the depreciation start date for asset from when you want to calculate dep, keeping in mind that it has to be in open Asset fiscal year.

Hope it helps

Pankaj Bansal