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Microsoft Dynamics GP (Archived)

Accounting for depreciation/retirement in Jan19 for a defective asset purchased in Dec 2018 and returned in Jan 19

Posted on by Microsoft Employee

Hello,  Purchased a printer (3yr asset)  in Dec 18 and returned it in Jan 19 for a full refund.  Dec 18 depreciation was run.  How do I retire the asset in Jan 19 without all 3 yrs of depreciation being run? I cant seem to find what gaap says about this.  I am using the FA Module in GP.

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