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40 Good afternoon,
We paid off one of our fixed assets in advance/before it was fully depreciated, so we have a balance sitting on the fixed asset. I know that I need to remove the balance, but this would not be considered a disposal. Does anyone know what some of the other transaction types mean? Revaluation, Write up Adjustment, Write Down Adjustment, Provision for reserve, extraordinary depreciation, special depreciation allowance.
If anyone can recommend a transaction type or provide documentation as to what some of these mean I would appreciate it. Thank you.
We paid off one of our fixed assets in advance/before it was fully depreciated, so we have a balance sitting on the fixed asset. I know that I need to remove the balance, but this would not be considered a disposal. Does anyone know what some of the other transaction types mean? Revaluation, Write up Adjustment, Write Down Adjustment, Provision for reserve, extraordinary depreciation, special depreciation allowance.
If anyone can recommend a transaction type or provide documentation as to what some of these mean I would appreciate it. Thank you.
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