Hello -
Has anyone had experience changing an origination value for a Fixed Asset after it has been in service for months? We have an asset that was entered with the wrong origination value and need to be changed, but has also already been depreciating. What would be the best way to go about changing this? Thanks
Best answer by mhlocklear
I have a parent fixed asset with an origination and acquisition cost. Basically, overstating my assets (which I fixed with a journal entry). I would like to stop the depreciation of the parent as the subcomponents are depreciating.
I have a parent fixed asset with an origination and acquisition cost. Basically, overstating my assets (which I fixed with a journal entry). I would like to stop the depreciation of the parent as the subcomponents are depreciating.
Hello -
Has anyone had experience changing an origination value for a Fixed Asset after it has been in service for months? We have an asset that was entered with the wrong origination value and need to be changed, but has also already been depreciating. What would be the best way to go about changing this? Thanks
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