What is writeup in SAP FI-AA - Asset Accounting?

SAP Term: writeup

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The reversal of depreciation performed in the past. Write-ups are necessary either when the depreciation posted was too high or when the reasons for unplanned depreciation no longer exist.

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• Key Concepts: 
  Writeup is a term used in SAP Asset Accounting (FI-AA) to refer to the increase in the value of an asset due to a change in its market value. This increase is recorded in the asset's book value and is reflected in the asset's balance sheet. 
  
  How to use it: 
  Writeup is used when an asset's market value increases due to external factors such as inflation or changes in the economy. The writeup amount is calculated by subtracting the original book value of the asset from its current market value. The writeup amount is then added to the asset's book value, resulting in an increase in the asset's balance sheet. 
  
  Tips & Tricks: 
  When calculating a writeup, it is important to consider any depreciation that has been applied to the asset. The writeup amount should be calculated after any depreciation has been taken into account. 
  
  Related Information: 
  Writeup is related to another term used in SAP Asset Accounting, writedown. Writedown refers to the decrease in an asset's value due to a change in its market value. The writedown amount is calculated by subtracting the current market value of the asset from its original book value. The writedown amount is then subtracted from the asset's book value, resulting in a decrease in the asset's balance sheet.