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Former Member
Nov 23, 2009 at 10:47 AM

Capitalised asset financial year change required

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I have an asset which was capitalised at our September month end this year.

However, our stat accounts have been completed and the asset needs to be moved to the previous year. How can I do this and how can I charge the relevant deprectaion for this year?

I have managed to reverse the document back into AUC. However, I am unable to do another capitalisation into last year because there are postings beyond the required capitalisation date. Can I get around this?

Edited by: Keeley B on Nov 23, 2009 12:07 PM