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Former Member
Jun 04, 2013 at 08:39 PM

GR to Asset reversed

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Hi

I have a scenario where a GR is posted to an AUC. Later on this AUC was settled to main asset and main asset started depreciating correctly. However, no IR was received against the relevant GR and we are now clearing of the said GR. what will be the effect of this on asset value? how to adjust it?

Raj