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Depreciation

Hi Experts,

Depreciation

We have sold on asset in the month of Oct-2011. The accounting entry is fine. Then when we go to the report S_ALR_87012006 the accumulated depreciation still showing in the report.

Actually the accumulated depreciation should be debited and it should be zero.

Can any one clarify why the standard report is showing depreciation even after selling the asset.

Thanks in advance

Ram

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2 Answers

  • Posted on Dec 15, 2011 at 07:17 AM

    You might not run the depreciation for sold asset.

    please execute depreciation.

    then the accounting entry would be

    Dr Depreciation

    Cr Acc.depreciation

    In this way your acc.depreciation will be zero.

    Rgds

    Murali. N

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 15, 2011 at 10:43 AM

    Clarified

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