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Former Member
May 24, 2008 at 01:19 PM

Asset Depreciation Reverse

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Dear All,

One asset has been purchased in fiscal year 2007, 12th period. Now due to some problem in that asset, client wants to send it back again to vendor..

Depreciation has been run for that asset asset for 12th period of 2007 and 1st period of 2008.

My problem is how to reverse depreciation and asset purchase document all in CURRENT YEAR..that is 2008 current PC.

I tried to reverse the asset documents through AB08..But there it is showing asset value date is different from the posting date and not allowing to post..

Also I am not sure whether AB08 will reverse 2 depreciation run also or not.

Kindly suggest...

Roomi