Asset Revaluation

[grant]

Our company has recently been sold.  Our fixed assets have been reviewed by an external auditing firm and new values have been established for all of our assets.  The request is to wipe out the accumulate depreciation on the existing asset and write up the value per the auditor report.  Can this be accomplished without retiring all of the assets, and creating brand new assets?  I have configured the asset revaluation in the system, but have not figured out how to wipe out the existing accumulated depreciation.

Thanks.

[Marssel700 · Accepted solution]

Betsy,

If you want to clean this value you must do what you have said, retirement/re-upload.

Anyway you can set zero value for Accumulated Depreciation. Do debit posting for Assets according following steps.

In this case your net value will be same of Acquisitona Value.

1 - OADB

Set in Unplanned Depreciation All values allowed for all depr areas.

2 - AO78

Copy 650 to new one and set Debit transaction

3 - ABMA

Use 650 and enter the Accumulated Depreciation value.

By LSMW you can maintain all records.

Hope it helps

regards

[nishan_dev · Accepted solution]

Marssel approach is very good, and easy to implement.

Thanks,

Nishan Dev

[Former Member]

Hi Betsy,

The system can post the revaluation using collective posting. You can also manually revaluate individual assets. For this you use the standard posting transactions in the FI-AA component (Postings ® Revaluat.(bal.sht.)). With transaction type 800 you can enter the amount of APC revaluation and the appropriate accumulated proportional depreciation (backlog).

Use the tcode: ABZU

Use the Transaction Type: <800>

Gross amount shoud be enter in the Amount posted.

The asset will receive the diference between "Cumult." "Current year" "Posted amount"

In this example:( R$ 1.000 R$ 200 ) R$ 1.300 = R$ 100 (This value will be posted in the assets by transaction type <800>)

Regards,

Fernando Almeida

[grant]

Thank You Fernando for your detailed response.  In addition to adding APC value to the existing asset I also need to wipe out the existing accumulated depreciation.

For example in the asset above the Revaluation APC would be 2,000 with a new Aquisition value of 7,995.00.  And the ordinary deprec. should be 0.

[Former Member]

Hi

In retirement process it will be wipe out the accumulated depreciation. You take asset value as given by auditor, the difference will go to profit/loss on asset sale.

Srinivas.A