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Former Member
Feb 28, 2009 at 06:49 AM

Adding asset in the previous period and depreciation run

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Hi Experts,

I want to know whether we can add an asset for the previous period and run the depreciation.

I will try explaining with an example.

Let us say,I forgot to add an asset and i want to add an asset now with date as 1st July 2008. Is it possible? If it is possible will the system calculate the depreciation from July or will it calculate from the date the asset has been added?

Please explain.

Thanks,

Sasidhar