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We have a scenario where we retired an asset with cost $1 but Depreciation Reserve = $1 too not $0

edited Feb 3, 2025 7:51PM in Assets 3 comments

Summary:

We have a scenario where we retired an asset with cost $1 but Depreciation Reserve = $1 too not $0 on the report after we ran Journal Entry Reserve Ledger and a Custom Fixed Asset Recon Report. But when we check the system itself, it showed the expected result which is = $0. Why is this happening and what needs to be done?

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