How do you adjust total accumulated depreciation for an existing asset. Our tax auditors are constantly changing the depreciation method at year end. We get a depreciation schedule for the next year.
Answer
Adjust accumulated depreciation for existing asset
Best answer by Laura03
Hello,
One option is to Reverse the Asset,change the method according to your tax auditor’s request, and re-depreciate the asset. I found this suggestion in the following post, answered by Barbara Pietersen:
Laura
+19Hello,
One option is to Reverse the Asset,change the method according to your tax auditor’s request, and re-depreciate the asset. I found this suggestion in the following post, answered by Barbara Pietersen:
Laura
~ Laura Barber, WM Synergy
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