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Depreciation expenses not posed in FY17

Jan 22 at 06:48 PM

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Former Member

Hi All,

What if these assets were sold on the 30th of June 2017? Can we still open these assets to repost depreciation?

The full month depreciation expense for the assets were posted before the sale/ disposal (entry date 01.07.17 posted for 30.06.17

The subledger then reversed the depreciation expense by half. Do you know why this is the case?

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1 Answer

Tammy Powlas
Jan 22 at 09:52 PM
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Hi - I think you have the wrong tag; please post in the Finance tag

Please talk to your accountants about opening up prior periods.

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