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capitalization asset date issue.

Hi guru,

Please let me know if some one know the solution

my client is asking that following issue:-

asset capitalized 01.02.2013

they have posted depreciton upto 01.11.2014

up to november period are closed for audit purpose the want to adjust asset 01.12.2013

difference deprecition amount adjust into november 2014

please tell about reverse depreciation, how we can ??

they want change capitalization date

as a 01.12.2013

Regards,

manas

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2 Answers

  • Jan 05, 2015 at 09:29 AM

    Hi Manas,

    If you want to adjust the posted depreciation for Nov period. First calculate how much you want to adjust the depreciation. Then post write up by ABZU for the asset. This will adjust the excess depreciation charged. After do this posting you can change the capitalization date by AS02.

    Regards,

    Mukthar

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  • Jan 05, 2015 at 01:28 PM

    Hi Manas,

    Reversal of depreciation is not possible. You can adjust deprecition manually or using ABZU.

    Thanks,

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