How To Fix VAL118 - Book value lower than Purchase value but Write-up not allowed

VAL118 - Overview

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 118

• Message text: Book value lower than Purchase value but Write-up not allowed

What causes this issue?

Book value in valuation currency and purchase value aren't compatible
with the write-up rule and write-down rule. The Book value &V1& is
lower than the Purchase value &V2& with write-down rule "Write-down to
Purchase Value" and "No write up" .

System Response

The foreign exchange valuation results in no write-up or write-down.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

VAL118 - Details

• The SAP error message VAL118 ("Book value lower than Purchase value but Write-up not allowed") typically occurs in the context of asset accounting when you attempt to perform a write-up on an asset whose book value is lower than its purchase value, but the system is configured to prevent such write-ups.
  
  Cause:
  
  Asset Valuation: The asset's current book value is less than its original purchase value, which indicates that the asset has depreciated.
  Configuration Settings: The system settings may not allow for write-ups on certain asset classes or under specific conditions. This is often a result of the asset accounting configuration in SAP.
  Depreciation Areas: The depreciation area settings may restrict write-ups, especially if the asset is in a depreciation area that does not allow for increases in value.
  
  
  Solution:
  
  
  Check Asset Configuration:
  
  Review the asset master data to ensure that the asset is configured correctly. Check the asset class and its settings regarding write-ups.
  Navigate to the