How can i zero out my opening balance with salvage value in it?

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Posted on by Mohammed Adnan

I have entered all the details to upload FA in AX.But the problem i am having is regarding the salvage value. This asset is fully depreciated

FA - 1000

Salvage Value - 50

Acc. Depreciaiton - 950

I use the acquisition proposal to acquire the fixed asset and use the opening balance account as my offser account which works completely fine.

Now i use the depreciation proposal to record the accumulated depreciation and use the opening balance account as my offset account again.

The Acc. depreciation balance is 950 because of the salvage value but the issue i am having is regarding the opening balance account which has a balance of 50 ( 1000-950).

How do i zero out my Opening balance account? or is there one more journal entry to move the salvage value from opening balance account so some other account? Please help

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