Asset Values Changes

[former_member188964]

Hi All,

Need your guidance on below issue.

The company has been recently taken over by another company.

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 change the useful life and asset values on the existing assets as per the auditor report.

How can this be achieved. what method should we follow, there are many number of assets effected by this.

Should we consider revaluation, write ups or can we retire all the assets and transfer to new assets.

Please suggest the best option.

Rgds

Shashi

[former_member182098 · Accepted solution]

If there are many assets, write an LSMW.

Hope the following document would be handy:

If you change the life of the asset on asset master in AS02, then the depreciation would be recalculated and adjusted in your next depreciation run.

Should we consider revaluation, write ups or can we retire all the assets and transfer to new assets.

You do not need to do any of these.

[former_member188964 · Accepted solution]

Thank you Ravi so much

Rgds

Shashi