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.
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Adjust accumulated depreciation for existing asset
Best answer by Laura02
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 ~ Klear Systems, Inc. Irvine, CA. ~ Click my logo to Follow me ~
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