Revising depreciation

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Posted on by Refeesh Ali

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hi,

one of the company in gp2013, i have to revise the depreciation in the fixed asset the main issue happens this company is having asset to be retire on 2016 and that year is already open. my finance team need to revise the depreciation to retire the asset on 2016 but they run the depreciation till 2017-October . please advice how can i do the best practice.

reagrds,

Refeesh Ali

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Rick Hollis 495 on at

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RE: Revising depreciation

You should be able to back out depreciation for a single asset using the Depreciate One Asset Window (Routines - Fixed Assets - Depreciation One Asset). Just put the Depreciation Target Date back to the Period/Year you need to reverse out.

You should get a message like this:

I would probably do this in a test company first just to make sure.