Hello Aruna
You need to do the following to reverse the depreciation till the date you want to scrap the asset. For e.g. the asset is depreciation till Sept 2014 and you want to scrap it in March 2014.Hence you would like to reverse the depreciation from March 2014 to Sept 2014.
1. Update the master data of the asset and change the depreciation method to No Automatic Depreciation.
- Select the Fixed Asset
- Click on Edit - Master Data
- Go to Asset Valuation tab
- Go to Valuation Intervals
- Add a new Valuation Interval starting from March 2014
- Maintain the depreciation method 0000- No Automatic Depreciation.
2. Execute the depreciation run for the Sept 2014 and depreciation from March to Sept would be reversed. If you want to reverse the depreciation at the period level , then you can execute the depreciation run for each period.
Now I am not sure if system would allow to scrap the asset with the posting date in March as the latest posting on the asset would be in Sept. You can try or alternatively post the scrapping with posting date in Sept and system would only consider the depreciation till march for the scrapping for the asset.
Hope this helps.
Thanks
Parveen Kumar