Is it possible to copy in adjustments to in service dates from the corporate book to the tax book?
Summary:
We have 50+ assets where the in service date was updated from 12/31/2024 to 7/1/2024 in the corporate book, but the in service date in the tax book remained 12/31/2024. As a result, only one month of depreciation was booked rather than 6 months. Is there a way to copy the in service dates from the corporate to tax book, or does this have to be updated manually?
Content (please ensure you mask any confidential information):
We received this error when we tried to copy from corporate to tax: "You can't mass copy this adjustment because only cost, salvage value, and production capacity adjustments can be mass copied."
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