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I need to change the value of an asset that I have already depreciated. I was thinking to delete the original asset from the book, reverse the depreciation, and then re-enter the updated asset with the original service start date. Once I depreciate this updated asset, it should more or less wash the reversal of the A/D and depreciation of the old asset. Will this work?
Thank you for your response. I read through the articles but none of which indicated how to correct the valuation of a fixed asset that was entered a few fiscal months ago. Can you advise?
Hello, regarding the question, I would recommend reading the following link that contains information on different processes that can be done regarding the depreciation of fixed assets:
docs.microsoft.com/.../fa-how-depreciate-amortize
Thanks!
Community Support Team - Esteban
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