clearing depreciation on a asset account

[Former Member]

Hi Experts

In 2007, (Posting date is 2007.10.26) one asset is transfered from one profit center to another profit center.

Here 13960 is asset under 494 profit center

Here 13961 is asset under 480 profit center

10400010 000000013960 0000 494 17,142.75-

12150010 000000013960 0000 494 0.75

10400010 000000013961 0000 480 17,142.75-

12150010 000000013961 0000 480 0.75

By end of 2007, we have sold all the assets in profit center 494, so we have retired the assets. The depreciation on account 12150010 for profit center 494 0.75 still remained on account. Could any one let us know how to clear this balance.

In Trial Balance, we have this scenario. How to clear this balance.

12150010 is Recon account of type Asset.

12150010 Res For Depr - Gross Cost - 0.75

12150015 Res For Depr-Unit of Product 0.75-

Thanks

Rajanikanth

[Former Member · Accepted solution]

Help in this regard is highly appreciated and awarded with points immediately

Thanks

Rajanikanth

[Former Member · Accepted solution]

hi,

post a GL transaction against those GL which you have mentioned

[Former Member · Accepted solution]

Run Depr in test mode for this asset and see what are the results.