Reverse Asset remaining life extension
Summary:
We need to reverse a transaction for asset remaining life extended by wrong.
Example: Original was 40 years and new is 48 years, we need to get it back to 40 and to reverse the same journal amount of adjustment.
Note the transaction is Expense Adjustment and this is the journal created for adjustment transaction
Dr: Acc Depreciation ****
CR: Dep Expense ****
Thanks
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