need to change the account we are depreciating an asset to. How do I do that?
Hello,
We need to change the depreciation account for an asset and would like to understand the accounting impact of this change. Previously, depreciation was posted to a specific account based on the asset category. After the change, depreciation will be posted to a different account.
Will this change cause any issues from an accounting perspective? Your guidance would be appreciated.
Regards,
Deepak
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