Hi All,
What is the process to write up depreciation posted in previous and current FY? We capitalized an asset in 2010 and depreciation was posted in the last period of 2010. We are in P5 of 2011 and now we have e 100% refund for the asset and I am trying to change the depreciation to zero or reverse the depreciation posted in 2010 and 2011 and post a credit memo to make NBV zero. Can I use the write up function to reverse the depreciation in 2010 and 2011?
Thanks in advance.