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Reverse depreciation once it is either fully depreciated or overly depreciated and posted

  • 4 August 2023
  • 2 replies
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Good day , I am trying to figure out if there is a way to reverse and start the depreciation from beginning for assets that have either been fully depreciated or overly depreciated ? All the assets have been posted and i cannot figure out how to reverse and start again ? 

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Best answer by AmaanFazeer11 4 August 2023, 17:54

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Userlevel 4
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Hello @blaid27,

The Fixed Asset needs to be “Reversed”, depreciation transactions cannot be reversed selectively.

 This will reverse all transactions associated to the Fixed Asset, thereafter the Fixed Asset can be re-created and depreciated correctly.

Userlevel 4
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Hello @blaid27 

Alternatively you can also try the below:

 

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