Only depreciation postings are to be reversed, without reversing the asset posting

Method 1
To reverse previous fiscal year depreciation postings, previous fiscal years must be opened
in both FI (transaction OB52) and FI-AA (transaction OAAQ).
With transaction OAAQ, you can reopen an already closed period in a particular company
code in FI-AA. In this case, we want to open year 2019, so you will need to enter year before
2019, which is 2018.
Note: Discuss with your accounting people for an agreement on this, because closed periods
may have been already audited.
The steps provided below is only to reverse the depreciation postings without reversing the
asset postings. Perhaps, this could be because the asset should not have been yet
depreciated, or because a wrong depreciation rate is assigned to the asset or for any other
valid reason.

1. Use transaction AS02 to change the depreciation key in the asset master data to 0000 No
depreciation and no interest

2. Save your entry.

3. Go to the asset explorer (transaction AW01N) to display the asset. We will see that the
system created a planned item in each of the relevant years.

4. To affect the reversal, run the depreciation for the asset with the repeat option, to post the
planned items.
Input the company code, 2019, and the posting period 12. For the posting period, enter
the period of the planned item (in this case 12).
Flag the repeat option.
Also, enter the main asset number of the affected asset.
Execute the life run in background mode.

Now if you display your asset (AW01N) the depreciation figure should be zero.

Note that depreciation figure is now zero, indicating that the postings are now reversed.
This will have the effect of debiting the accumulated depreciation and crediting the
ordinary depreciation.

5. Go to the asset explorer. We will see that the planned item has now been posted. Period
12 now has the net of the original posted item and the previous planned item just posted.
Display the accounting document to view the reversal postings
6.Once this is reversed, you have to change back the depreciation key to the initial key and
save your settings.
7. Close FI and Asset Period.
METHOD 2

2) To correct posted depreciation you can use "write up", (t-code ABZU) and "unplanned
depreciation", (t-code ABAA). This is the foreseen legal solution.

Write-ups are used for correction of depreciation values that are calculated and posted in the
past (in closed fiscal years). It is not possible to post a write-up to an asset that have
no cumulated depreciation (for example a assets that have been acquired within the current
year).

If there is no cumulated depreciation, you will get the error AA402.

If you need to make a correction to the asset with no cumulated depreciation, you could use
"unplanned depreciation", (t-code ABAA).