Deactivation of Depreciation

Deactivation of Depreciation

We have a scenario wherein Fixed Asset is no longer in Use but not yet retired.

We require that the system should stop calculating Depreciation from the date/month from which the Asset is not in Use.

Is there any setting for that.

In the time-dependent screen of the asset master record, there is an option for asset shutdowns. Create a new interval and mark the asset for shutdown. If you don't have this setting, otherwise select this option from spro.

You can avoid depreciation on asset by putting the standard depreciation key of '0000', but be sure before you put it because once you put it I dont think it can be changed to the earlier state.