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Former Member
Oct 07, 2009 at 09:46 AM

Wrong AssetCapitalisation

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An Asset was created and capitalised. After the first monthu2019s depreciation, it was discovered that the Asset should never have been created in the first place and the Capitalisation value was to have been posted into an entirely different account.

Will it be sufficient to just do a reversal of the Capitalisation document (AB08) and then expect a reversal of the depreciation amounts after the next month's depreciation posting run?