Catch-up depreciation in subsequent year
There was a previous posting asking essentially the same question I have, but it was from 2009. I'm wondering if anything in SAP has changed over the last 6 years to allow me to create my desired posting without using "unplanned depreciation". The previous posting was titled "Catch up depreciation from previous year". Here is my example:
An AUC was completed and should have gone into production 12/01/2014 but paperwork and approval delays have resulted in the Accounting department not being notified about this new fixed asset being capitalizated until 11/01/15. I would like to use the standard SAP depreciation transactions of AFAR and AFAB to post a catch-up entry in November 2015.
Asset Value - $6,000 (using straight line depreciation)
Useful Life - 5 years
Monthly depreciation = ($6,000/5)/12 = $100 per month
Catch-up depreciation for prior months - December 2014 to October 2015 (11 months) = $100 x 11 = $1,100
Depreciation for current month (November 2015) - $100
Total Depreciation (catch-up + regular monthly amount) booked in November 2015 - $1,100 + 100 = $1,200
Straight line depreciation booked every month thereafter until the end of the useful life - $100
Is it possible to achieve the catch-up posting described in the red line above or would I be required to record unplanned depreciation for the depreciation that should've been recorded in 2014? Or is there another, more appropriate way for me to approach this type of transaction that I haven't thought of?
Note - accruals for this new asset have been made since December 2014.
Thank you very much for your knowledge and assistance!!!
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