Sale of Asset which is fully depreciated

[Former Member]

HI All,

I was trying to sell an asset using transaction ABAON which is fully depreciated, but I am getting the error -

" Posting with trans.type 210 not possible (No acquisition posted)"

The Scenario is, there is an asset(car) which was uploaded during implimentation and it got depreciated fully in the month of april,

but the asset(car) which got fully depreciated was sold to for an amount of Rs 40000/-

So, I was trying to post it with some revenue vlaue in transaction ABAON, but I am getting the above error.

Could any one help in this, or let me know the correct process for for this kind of transaction.

Awaiting for a reply.

Regards,

Upendra

[Former Member]

Hi I can't see the values in your system

But there is one rule you can't do a retitement in the same Month as the aquasition. Try to post it in the next Month when this is the case

[Former Member]

Hi Paul,

There is no problem with the month.

The only issue is it says -

"Posting with trans.type 210 not possible (No acquisition posted)"

[Former Member]

Is there an Aquasition value on the asset

[Former Member]

Hi Paul,

The APC value is 325,000.00 but this got fully depretiated in the month of April.

The same asset was sold for an amount of 40000/- last month.

so, I tried to post the same using ABAON with revenue, then the system throughs thie error message.

The Asset acquisition value was uploaded during implimentation. A purchase entry did not happen from MM.It was an uploaded value from legacy data.

Please suggest.

[Former Member]

You can sell an asset only one time(or more times a part). Did you a partional sales or for 100%

When the sales posting was wrong last month you can reverse that posting with AB08

[Former Member]

The sale was for 100% and there was nothing wrong with sale transaction.

[Former Member]

Then the problem is solved

[Former Member]

HI Paul,

The problem is not solved,,, I think you did not undeerstand the issue till now.

[Former Member]

You say:

The sale was for 100% and there was nothing wrong with sale transaction.

What is the reasen that you want to sell it again?