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Asset To Be Added with Depreciation Already recorded to General Ledger

Accepted answer
in Assets 4 comments


We have an asset that we want to add to our asset book that has been manually depreciated by Journal Entry since August 2022.

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We have been asked to add the asset to the asset books with a start date of 2023, but not record the depreciation from 2022 since it has already been booked to the ledger. In other words add the asset at the purchased amount, but not generate a journal for the depreciation from 2022, but depreciate the asset for 2023 as if it had actually been added in 2022. Is there a way to do this?

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