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Former Member
Feb 14, 2011 at 03:02 AM

Asset retirement

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Dear Experts,

If an asset has current -year acquistion for asset, no matter it is negative or positive, when doing the asset retirement with revenue in the curren year, the system would post both Gain from asset sale and Loss from asset sale, one is " Retirement of current-year acquis. with revenue" ,the other is "Retirement with revenue"

Is it configurable for this situation to post to either Gain from asset sale or Loss from asset sale not both of them?

Please advice!

Thanks in advanced

Br

Sophie