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Former Member
Jul 05, 2007 at 10:09 AM

is there any possible to reverse last fiscal asset need to reverse in curr

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Hi all

Please let me know is there any possible to reverse last fiscal asset need to reverse in current fiscal year.can you you tell me the procedure

Please find the detils of the asset

Asset purchased date =16.11.2006

Depreciation start date =01.01.2007

Asset capitalized date =01.01.2007

Asset value =46375

Depreciation as last fiscal year =4573.97

Net book value 46375-4573.93 = 41801.03 as per last fiscal year

In 2007 fiscal year two (April, May) depreciation runs over.

April and May period Depreciation amount is 1,370.53 and 1, 416.21

Now net book value = 43,588.26

I want reverse with net book value (43588.26) or capitalization (46375)

value,what ever is possible noproblem

Please let me know the solusation as it is very arjunt

if any one can give solusation for this thankful

Please dothe needful i will assign the points