Asset Accounting

[Former Member]

Assets are uploaded on 1st March 2007. Depreciation Start Date is 1st March 2007. We have run the depreciation upto October 2007. Version 4.7. Fiscal Year variant is K4 (Jan to Dec).

Now, the requirement is for around 200 assets - we want to reduce the value of Gross block on 31st March 2007. And from 1st April 2007 we don't want depreciation on these 200 assets. That means for these 200 assets, only one month depreciation will be there and from 1st April they should not be any depreciation.

Please help

Thanks & Regards

Points for every helpful answer

[Former Member]

I would think an asset shutdown would work best here.

Set the interval in time-dependent tab in asset master for shutdown.

From my understanding of the system, in the next depreciation run, a posting should be automatically made reflecting the depreciation difference previously posted while the asset had been shutdown.

I hope this will help.

Edward

[Former Member]

I tried Option 1 mentioned above in Quality Server. I think it is working fine except the last point. Please suggest.

[Former Member]

any suggestions please

[Former Member]

The situation is like this -

Gross Block value - Rs. 100

Depreciation for March - Rs. 6

so,

Net Block value - Rs. 94

Now,

we want this Rs.94 should come down by say Rs.80. on 31st March 2007

So, I am thinking of posing Credit memo on 31st March 2007.

So, Net Block will become Rs.14

Rs. 80 should go to GL Loss on Account held for Sale

and

Rs. 14 should be in GL Asset held for Sale or separate these Assets should be in a separate Asset Class called Asset held for Sale.

I think I have two options for this -

Option 1

Change the Depreciation Key as 0000

Post Credit Memo on 31st March 2007 (GL - Loss on Assets held for Sale)

Repeat Run the Depreciation

Post Unplanned Depreciation for March 2007

Post Manual entry for GL Assets held for Sale

Option 2

Post Credit Memo 0n 31st March 2007 (GL - Loss on Assets held for Sale)

Post Manual reverse entry of the Depreciation

Change the Depreciation Key for the Assets - so that no depreciation further

Post Manual entry for GL Assets held for Sale

Can anybody suggest which one would be best or is there any other better way to do this.

If u have some idea give me a missed call on 09448182333. I will call u back.

Pl. help. this is very urgent.