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Feb 23, 2011 at 09:46 AM

How to reverse depre posted value of last year?

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Hi,

I've an asset that start depreciation on last year.

Now, I need to cancel this entire transaction. I can reversed the value 4900 USD for this asset (using ABGF).

Asset = 5000 USD

Depreciation posted = 100 USD

NBV = 4900 USD

How to reverse the depreciation posted value 100 USD (last year) to this month? Thanks