Asset Revaluation both Commercial & Tax Purpose via AR29N

[Former Member]

Hi there,

Our organisation is going to implement asset revaluation both commercial and for tax purposes via AR29N. What we have configured are described below :

1. OABW

     Tick both book depreciation and tax balance sheet

         

2.  AO90

     Account assignment for revaluation account assignment and account assignment for revaluation on depreciation

3.  OAYR

     Tick post revaluation

4.  AUFW

     Create revaluation measurement

5.  AFAMS

     Change base value to 24

    

We then test the asset revaluation using AR29N with these parameters:

Current Net book value asset :          2.450.023.285

Asset value after new valuation :      3.700.000.000

Gain (Loss) :                                          1.249.976.715

On commercial side (the book depreciation), the output has been passed as below print screen :

AW01N for commercial side display as below print screen:

However, the output for the tax purpose, (tax balance sheet) the revaluation ord.dep. did not appear, therefore the gain loss revaluation value was incorrect. Below is print screen AW01N for tax purpose.

Furthermore, the Asset Net Book Value become to high as the revaluation ord depr. was not properly calculated.

Below is the calculation used for Dep key fiskal (tax balance sheet)

Does anyone have any experience in asset revaluation on both commercial and tax purpose?

Is there any missed configuration in order the revaluation value on tax purpose accordance to its commercial ?

Any help will be greatly appreciated.

Thanks

[former_member182098]

Please check if you have transaction types for revaluation and they are being restricted for certain depreciation areas?

[Former Member]

Hi Ravi,

I'm already check that our transaction types use for both book depreciation and tax balance sheet

[former_member442033]

Hi Andra,

Please check your Depreciation area 15 must be set allowed revaluation value (either all value, positive, negative instead of no value)

Regards,

Handy

[Former Member]

Hi Handy,

Depreciation area 15 already set all value allowed in revaluation value (all value allowed)

Have you experience in asset revaluation? our firm is going to perform asset revaluation via AR29N we had some trouble in tax balance sheet revaluation, may you can help.

Thanks