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Former Member
Jan 18, 2011 at 07:21 PM

Reverse a Posted Depreciation Iin closed FY

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Asset Depreciation Problem

Hello friends,

Last year for cocd 2002 one asset depreciation was run [ we were supposed to keep it under shutdown state] but

someone unchecked the shutdown indicator and ran the depreciation for period 12 in fy 2010. Now the business

is saying that they want to reverse the depreciation posted in period 12 FY 2010, Also the NBV of the asset should

be the same as previous.

Please suggest me what is the best approach to fix this. Should I go for document reversal

or create a new asset and archive the old one.

Regards,

Anoop