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Oct 28, 2013 at 06:29 PM

Restore value of asset retired in current year.


A fully depreciated asset was retired in error 7/2013. I need to restore the asset and its acquisition/accumulated depreciation values. I have removed the 7/2013 from the "Deactivation On" field in the asset master record. The asset shows in my reports but with zero as values. I tried ABNAN but am getting this error, "A retirement was already posted on the asset on 20130715. Based on the value date 20130101 of the transaction, this transaction should have been included in the calculation of values for the retirement."

Asset was part of a mass retirement so I cannot reverse the retirement document.

How do I restore the value of an asset that was retired in the current year?