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Re-activate an asset

Jan 13, 2017 at 05:38 PM

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Former Member

Hi , We sold an asset and after a few months we are buying it back. So for a certain period we did not own that asset. Can we re-activate the original asset with re-activation date after the deactivation date ?

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I agree with Mukhtar... From all perspectives - technical and accounting - it should be a new asset with the whole new history.

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1 Answer

Mukthar Ali Ahamed N Jan 14, 2017 at 04:23 AM
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Hi,

Why don't you create a new asset instead of re activate the same asset?

Regards,

Mukthar

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