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Former Member
Apr 09, 2013 at 01:41 PM

Asset return to Vendor


Hi Gurus,

We had purchased an asset few months back. It was capitalized and depreciation was charged though the asset was not in use. Now, we want to return the asset to the vendor. Obviously, due to depreciation the book value is less than the purchase price but we want to return at the original purchase price as the asset has not been used. So what is the best way to do it.

Looking forward to a quick response.