Creating a FM to Modify the Useful Life of a Fixed Assets
Process:
This job aid describes the process for changing the Useful Life of an asset.
Navigate to Global Search Bar and enter FM.
Select Fixed Asset Modification.
2. On the Financial Transaction page:
Enter Transaction Code.
Enter Transaction Dept.
Click Create.
3. On the Create Transaction page confirm Transaction Code and Transaction Dept.
Check the Auto Numbering box.
Click the Continue button.
4. On the Fixed Modification (FM) page select the Header Tab.
Select the General Information subsection.
Enter the Fixed Asset Number.
Expand 3 dot menu on the right side of the Attachments button.
Select Auto Apply in the Related Actions Menu.
Click the Save button.
5. In the General Information subsection.
Enter Transaction Name.
Enter Transaction Description.
Expand Show More caret and confirm Event Type is set to FA05.
Click Save button.
6. On the Fixed Modification (FM) page select the Component tab.
Click the Caret to expand the Fix Asset in the Grid.
Select the Depreciation sub section.
Enter appropriate Useful Life value in New Useful Life field.
Click Validate button.
Click Submit button.
