What is 'last retirement date' in SAP SRD-FIN-FA - FIN-Fixed Assets?

last retirement date - Overview

• Component: SRD-FIN-FA

• Component Name: FIN-Fixed Assets

• Description: The date on which the last retirement posting is made from this asset either partially or complete due to a sale or scrapping, for example.

last retirement date - Details

• 
  Key Concepts: 
  The Last Retirement Date in SAP Fixed Assets is the date when an asset is retired from the company’s books. This date is used to determine the depreciation of the asset and to calculate the gain or loss on the asset’s sale. 
  
  How to use it: 
  The Last Retirement Date is entered in the Asset Master Data screen in SAP Fixed Assets. This date should be entered when an asset is retired from the company’s books. The Last Retirement Date will be used to calculate the depreciation of the asset and to determine any gain or loss on its sale. 
  
  Tips & Tricks: 
  When entering the Last Retirement Date, make sure that it is accurate and up-to-date. This will ensure that the depreciation of the asset is calculated correctly and that any gain or loss on its sale is accurately determined. 
  
  Related Information: 
  The Last Retirement Date is related to other fields in SAP Fixed Assets, such as the Acquisition Date, Acquisition Value, and Depreciation Start Date. It is important to ensure that these fields are all accurate and up-to-date in order to ensure accurate calculations of depreciation and gain or loss on sale.