Hi AA experts,
My client User trying to dispose of an Asset (ABAVN) by scrapping, when User simulate the disposal or do intercompany asset transaction they noticethat only prior years' accumulated depreciation or intercompany accumulated depreciation posted in value adjustment in current year is being posted to gain/loss p&l account instead reversing/debiting to accumulated depreciation account and system gives warning message "Asset &&& will not be deactivated, it has a net book value"
Here is example transaction:
Cost of Asset = $136,650
PY/IC Acc Dep = $ 95,484
CY Dep = $15,436
NBV as of Sep 30, 2015 = $ 25, 730
Disposal simulation appear:
CR to BS Asset = $136,650
DR to Acc Depr = $95,484
DR to Gain/Loss = $41,165
The Accumulated Dep should be $95,484+$15,436=$110,920 and the gain/loss should be $25,730 since we are disposing Asset as of Sept 30 2015. However, system is posting NBV as of Dec 31 2014 to gain/loss account and in case of IC transfer Acc dep is remaining on Asset only as negative NBV.
We are approaching to year end close this month end and need your immediate assistance/inputs to resolve this issue.
Thanks and Regards,
Syam Juluri