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Fixed Asset - Tax Book Group Asset Reserve amount showing in Negative

in Assets 1 comment

Hi Team,

The issue is In the Group Asset, The Depreciation Reserve showing in Negative Balance.

I have created Two Assets in Corp Book and Transferred to Tax Book in same Period which is Feb-22.

  1. First Asset Rs. 50000 2. Second Asset with Rs.60000

The second Asset i have retired in Feb -22 and Transferred the retirement to Tax Book and calculated the Depreciation in Tax Book for Feb-22.

the Depreciation Reserve showing in negative and YTD depreciation showing 0.

Please find below details for reference.

Kindly help me with the Tax book and Group Asset Setup is correct or not and why the Dep Reserve showing negative balance

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