Dear AA gurus,
I am not an AA expert, so seeking your advice on what is the best course of action in this situation.
After our initial implementation by a consultant 2 years ago, the users did not use the tax depreciation area(MACRS, AMT and State ACRS) APC and depreciation information, because the tax auditors did not like some of the numbers they saw. But this year, our VP Finance wanted to take a second look at them. The user reported that the tax depr. areas were not showing any depreciation numbers/APC values for certain assets(see first screenshot below). The Book depreciation area is absolutely fine. I investigated and found this was happening only in the case of Fixed Assets settled from AUCs. I came upon this link
http://sap.ittoolbox.com/groups/technical-functional/sap-acct/cip-postings-to-tax-book-11-1378475
and I think I know now what the problem is. The tax depreciation areas were NOT activated(in OAYZ) on the AUC asset class(named CIP in our system, see second screenshot below). I guess I have to activate them and and move this change to Production, which should take care of Assets created/settled from AUCs going forward. I am assuming this has no other negative implications, please correct me if I am wrong.
Is there any way to fix the existing assets(created over past 2 years), assuming the problem is that the tax depr. areas on them don't have the APC values passed on to them from the original AUCs because of the wrong configuration(which inturn prevents calculation of depreciation).
Would greatly appreciate any replies..
Thanks and regards,
Wayfarer