You have capitalized an asset from a legacy fixed asset and performed further manual postings, such as readjustments and depreciation, however you wish to undo this newly created asset.
Reproducing the Issue
- Go to Fixed Assets work center.
- Go to Fixed Assets view.
- Find the newly capitalized asset.
You wish to reverse the transactions and retire the asset.
The newly created asset was capitalized via partial transfer of an individual material from a legacy asset (migrated), hence you currently have both assets as Capitalized.
You may reverse the Journal Entry Vouchers that accounted the transfer and/or Revaluations in the reverse chronological order in order to write-off the newly created asset. Once the asset has zero cost, you may set the Deactivation Date. This would leave asset with Retired status.
The depreciation run (which could also be executed after setting the deactivation date) would then do the adjustments to the depreciation postings based on the retirement transactions.
KBA , SRD-FIN-CLM , Cash and Liquity Managment , How To