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Change to Asset Type Lifetime with numerous existing assets

in Ask A Guru 5 comments

Our company has decided to change the asset lifetime of one of our asset types from 3 years to 15 years.

There are currently already a number of assets that have been depreciated as 3 years.

Can I just change the asset lifetime to 15 years and it would generate the associated corrections in the next depreciation run?

Thank you very much for your help!

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