write off assets

[Former Member]

What is the best method to write off assets to 0, This means I want to accelerate depreciation so that the asset net value reaches 0. But I <b>do not</b> wat to retire the asset.

[NathanGenez · Accepted solution]

Post unplanned depreciation in the amount of the current net book value. Keep in mind that this will take affect after depreciation is run (it is not an FI document) and will therefore show the asset as being fully depreciated.

There are some other ways (using special depreciation transactions) but this is the one most widely used.

-nathan

[Former Member · Accepted solution]

Is there a mass process to write off assets by the above method. if yes can you explain the process

[NathanGenez · Accepted solution]

Not really. But you could script it out using either a BDC Recording, LSMW, or eCATT. Either approach will work but it's a custom process... but each is very simple to create and execute.

Good Luck,

-nathan