Skip to Content
0
May 30, 2011 at 08:24 AM

Partial reversal of Asset Capitalization and Depreciation posting

509 Views

In our case, a particular amount was posted into an asset and it was capitalized in April 2010 (last fiscal year). Now it is found that the amount posted was more and it was wrong. Now we want to partially reverse an amount of 70,990 from that item. How can we do that ?

Similarly, from that period, depreciation was also posted for the wrong additional amount also. How can we reverse that excess depreciation ?