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Former Member
Sep 25, 2008 at 05:39 AM

Asset Acquired without discount-Rectification

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Hi,

There was an Asset Acqired by our organization and now we got to know that there is a discount on the asset,so now we want to bring the value of the asset to net so that there is no complications further.Can you please advice do I need to reverse the asset completely or should I retire the asset for the discount amount.

Can someone please advice on the same on priority.

Thanks

Rahul