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ReportWe recently started using GP to track assets and depreciation instead of Excel. We uploaded assets in service into GP at NBV at the end of our fiscal year. Our auditors would like us to adjust the assets cost on the books from the NBV when we added it to the actual cost and also then adjust the LTD depreciation to equal the total accum depr so that we get to our same ending result NBV. I believe I need to adjust the acquisition cost ($102,930 is NBV) to true cost of the asset. It's the second snip it below that I'm not sure what numbers to adjust. Any thoughts? Thanks in advance
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