Fixing a fixed asset valuation

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Posted on by Number Cruncher

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?

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Number Cruncher 5 on at

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RE: Fixing a fixed asset valuation

Here it is:

docs.microsoft.com/.../fa-how-revalue
Number Cruncher 5 on at

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RE: Fixing a fixed asset valuation

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?
Esteban Coto Alfaro on at

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RE: Fixing a fixed asset valuation

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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