8125 – To change the Fixed Asset’s Useful life

Issue Summary: [8125] The client requested to update the useful life of fixed assets, specifically for asset classes exceeding five years and individual asset master data where both the useful life and accumulated depreciation exceed five years.

Resolution / Workaround: The support team provided a detailed solution, explaining that changes made at the asset class level will only apply to future asset master data. They demonstrated the update process in the testing environment and recommended updating the useful life using specific formulas to clear both the Net Book Value (NBV) and remaining useful life while maintaining the asset status as ‘Active’.