You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Reverse Asset remaining life extension

in Assets 7 comments

Summary:

We need to reverse a transaction for asset remaining life extended by wrong.
Example: Original was 40 years and new is 48 years, we need to get it back to 40 and to reverse the same journal amount of adjustment.

Note the transaction is Expense Adjustment and this is the journal created for adjustment transaction
Dr: Acc Depreciation ****

CR: Dep Expense ****

Thanks

Content (please ensure you mask any confidential information):

No

Version (include the version you are using, if applicable):

Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!