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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Reverse depreciation once it is either fully depreciated or overly depreciated and posted
Best answer by AmaanFazeer11
Hello
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.
1 person likes this
Hello
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.
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